Brokerages Anticipate ManpowerGroup Inc. (NYSE:MAN) Will Announce Earnings of $2.34 Per Share

Brokerages expect ManpowerGroup Inc. (NYSE:MAN – Get Rating) to announce earnings of $2.34 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for ManpowerGroup’s earnings, with the lowest EPS estimate coming in at $2.32 and the highest estimate coming in at $2.35. ManpowerGroup reported earnings of $2.02 per share in the same quarter last year, which indicates a positive year over year growth rate of 15.8%. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that ManpowerGroup will report full-year earnings of $9.08 per share for the current financial year, with EPS estimates ranging from $8.83 to $9.58. For the next year, analysts forecast that the company will post earnings of $10.08 per share, with EPS estimates ranging from $9.50 to $11.16. Zacks’ EPS averages are an average based on a survey of analysts that cover ManpowerGroup.

ManpowerGroup (NYSE:MAN – Get Rating) last announced its quarterly earnings results on Tuesday, April 19th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.29. ManpowerGroup had a net margin of 1.97% and a return on equity of 17.72%. The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the previous year, the business earned $1.11 EPS. The firm’s revenue was up 4.4% on a year-over-year basis.

Several equities analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of ManpowerGroup from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, April 20th. Robert W. Baird decreased their price target on shares of ManpowerGroup from $144.00 to $120.00 in a report on Wednesday, April 20th. Credit Suisse Group reduced their target price on shares of ManpowerGroup from $115.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, April 20th. Bank of America assumed coverage on shares of ManpowerGroup in a research note on Friday, March 11th. They issued an “underperform” rating for the company. Finally, StockNews.com raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and a consensus target price of $119.17.

Shares of MAN stock opened at $90.42 on Wednesday. ManpowerGroup has a 12-month low of $84.32 and a 12-month high of $125.07. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.23 and a beta of 1.77. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average of $92.80 and a 200-day moving average of $98.42.

In other news, SVP Donald O. Mondano sold 1,471 shares of the stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $110.00, for a total transaction of $161,810.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Capital World Investors boosted its stake in shares of ManpowerGroup by 27.0% during the 3rd quarter. Capital World Investors now owns 6,643,204 shares of the business services provider’s stock worth $719,326,000 after buying an additional 1,413,027 shares during the last quarter. BlackRock Inc. boosted its stake in shares of ManpowerGroup by 0.7% during the 4th quarter. BlackRock Inc. now owns 4,779,808 shares of the business services provider’s stock worth $465,218,000 after buying an additional 31,766 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of ManpowerGroup by 11.9% during the 1st quarter. Victory Capital Management Inc. now owns 2,849,885 shares of the business services provider’s stock worth $266,976,000 after buying an additional 304,004 shares during the last quarter. State Street Corp raised its holdings in shares of ManpowerGroup by 4.3% in the 4th quarter. State Street Corp now owns 1,871,763 shares of the business services provider’s stock valued at $182,179,000 after purchasing an additional 77,523 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of ManpowerGroup by 61.6% in the 4th quarter. Invesco Ltd. now owns 1,100,617 shares of the business services provider’s stock valued at $107,122,000 after purchasing an additional 419,410 shares during the period. Institutional investors own 95.26% of the company’s stock.

ManpowerGroup Company Profile (Get Rating)

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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