Analysts expect ManpowerGroup Inc. (NYSE:MAN) to announce earnings per share of $2.21 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for ManpowerGroup’s earnings. The highest EPS estimate is $2.29 and the lowest is $2.17. ManpowerGroup posted earnings per share of $2.12 in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The business is expected to issue its next quarterly earnings report on Friday, February 1st.
On average, analysts expect that ManpowerGroup will report full-year earnings of $8.68 per share for the current year, with EPS estimates ranging from $8.66 to $8.69. For the next year, analysts forecast that the business will post earnings of $8.39 per share, with EPS estimates ranging from $8.12 to $8.73. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow ManpowerGroup.
ManpowerGroup (NYSE:MAN) last posted its earnings results on Friday, October 19th. The business services provider reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.02. ManpowerGroup had a net margin of 2.76% and a return on equity of 20.02%. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the firm posted $2.04 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis.
A number of research firms have recently weighed in on MAN. Credit Suisse Group began coverage on shares of ManpowerGroup in a report on Friday, August 10th. They issued an “outperform” rating and a $115.00 target price on the stock. Zacks Investment Research upgraded shares of ManpowerGroup from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Barclays cut their price target on shares of ManpowerGroup from $90.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, October 2nd. Macquarie downgraded shares of ManpowerGroup from an “outperform” rating to a “neutral” rating and set a $91.00 price target on the stock. in a report on Tuesday, October 9th. Finally, ValuEngine upgraded shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $99.85.
Shares of ManpowerGroup stock traded down $5.46 during trading hours on Wednesday, reaching $75.65. The company’s stock had a trading volume of 726,882 shares, compared to its average volume of 650,331. ManpowerGroup has a one year low of $71.79 and a one year high of $136.93. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The company has a market cap of $5.02 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.10 and a beta of 1.22.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Monday, December 3rd will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 5.34%. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Friday, November 30th. ManpowerGroup’s dividend payout ratio is presently 28.69%.
In related news, Director John R. Walter sold 7,403 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $77.74, for a total transaction of $575,509.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William Downe purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were purchased at an average price of $81.21 per share, for a total transaction of $324,840.00. Following the completion of the acquisition, the director now directly owns 4,000 shares in the company, valued at approximately $324,840. The disclosure for this purchase can be found here. Corporate insiders own 1.02% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in MAN. IFP Advisors Inc boosted its position in ManpowerGroup by 148.6% in the 3rd quarter. IFP Advisors Inc now owns 1,310 shares of the business services provider’s stock valued at $113,000 after buying an additional 783 shares during the period. Itau Unibanco Holding S.A. boosted its position in ManpowerGroup by 213.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,643 shares of the business services provider’s stock valued at $141,000 after buying an additional 1,118 shares during the period. Schroder Investment Management Group boosted its position in ManpowerGroup by 133.3% in the 3rd quarter. Schroder Investment Management Group now owns 2,100 shares of the business services provider’s stock valued at $181,000 after buying an additional 1,200 shares during the period. Paradigm Asset Management Co. LLC purchased a new stake in ManpowerGroup in the 3rd quarter valued at about $198,000. Finally, Atria Investments LLC purchased a new stake in ManpowerGroup in the 3rd quarter valued at about $214,000. 94.89% of the stock is owned by institutional investors.
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.
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