Insider Selling: Patricia Hemingway Hall Unloads 1,096 Shares of ManpowerGroup Stock (MAN)
ManpowerGroup (NYSE:MAN) Director Patricia Hemingway Hall sold 1,096 shares of ManpowerGroup stock on the open market in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $83.50, for a total value of $91,516.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of ManpowerGroup (NYSE:MAN) traded down 1.19% during mid-day trading on Wednesday, hitting $82.24. The stock had a trading volume of 523,722 shares. ManpowerGroup has a 52-week low of $53.17 and a 52-week high of $87.16. The stock has a 50-day moving average of $79.24 and a 200-day moving average of $79.98. The company has a market cap of $6.548 billion and a price-to-earnings ratio of 20.04.
ManpowerGroup (NYSE:MAN) last released its earnings data on Wednesday, April 23rd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.18. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that ManpowerGroup will post $5.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 29th. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.46.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of ManpowerGroup from $95.00 to $96.00 in a research note on Wednesday, May 7th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of ManpowerGroup in a research note on Friday, May 2nd. They now have a $90.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $91.75.
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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