ManpowerGroup (MAN) Releases Q4 Earnings Guidance
ManpowerGroup (NYSE:MAN) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $1.18-1.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.17, AmericanBankingNews.com reports.
Shares of ManpowerGroup (NYSE:MAN) opened at 79.31 on Monday. ManpowerGroup has a 52-week low of $34.91 and a 52-week high of $79.52. The stock has a 50-day moving average of $73.40 and a 200-day moving average of $62.45. The company has a market cap of $6.209 billion and a P/E ratio of 30.10.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.10. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter last year, the company posted $0.79 earnings per share. ManpowerGroup’s revenue was up .3% compared to the same quarter last year.
MAN has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a hold rating on shares of ManpowerGroup in a research note to investors on Friday, October 11th. They now have a $85.00 price target on the stock, up previously from $74.00. On a related note, analysts at Jefferies Group initiated coverage on shares of ManpowerGroup in a research note to investors on Friday, October 11th. They set a buy rating and a $74.86 price target on the stock. Finally, analysts at Northcoast Research downgraded shares of ManpowerGroup from a buy rating to a neutral rating in a research note to investors on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. ManpowerGroup has a consensus rating of Buy and an average target price of $69.44.
ManpowerGroup Inc, formerly Manpower Inc provides workforce solutions and services. The Company provides a comprehensive suite of high-impact workforce solutions and services for the entire business cycle, which includes recruitment and assessment, training and development, career management, outsourcing and workforce consulting.
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