Q3 2016 Earnings Estimate for ManpowerGroup Inc. Issued By Northcoast Research (MAN)
ManpowerGroup Inc. (NYSE:MAN) – Research analysts at Northcoast Research raised their Q3 2016 earnings estimates for shares of ManpowerGroup in a research report issued on Tuesday. Northcoast Research analyst J. Healy now anticipates that the firm will post earnings of $1.77 per share for the quarter, up from their previous forecast of $1.73.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.08. ManpowerGroup had a net margin of 2.23% and a return on equity of 17.19%. The company earned $5 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period last year, the business earned $1.33 earnings per share. ManpowerGroup’s revenue was up 3.3% compared to the same quarter last year.
MAN has been the subject of a number of other research reports. BMO Capital Markets reissued an “outperform” rating and issued a $81.00 target price on shares of ManpowerGroup in a research report on Tuesday, September 27th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $85.00 target price on shares of ManpowerGroup in a research report on Friday, August 26th. Nomura reaffirmed a “buy” rating and set a $97.00 price target (down previously from $102.00) on shares of ManpowerGroup in a research report on Friday, July 22nd. Macquarie started coverage on shares of ManpowerGroup in a research report on Thursday, August 25th. They set an “outperform” rating and a $86.00 price target for the company. Finally, Bank of America Corp. lowered shares of ManpowerGroup from a “neutral” rating to an “underperform” rating in a research report on Friday, June 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $82.83.
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ManpowerGroup (NYSE:MAN) traded up 1.191% during trading on Wednesday, hitting $72.625. 152,630 shares of the stock were exchanged. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 12.415 and a beta of 1.83. ManpowerGroup has a 1-year low of $57.26 and a 1-year high of $93.34. The company has a 50-day moving average price of $71.03 and a 200 day moving average price of $73.11.
In other news, EVP Handel Michael J. Van sold 31,855 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $69.77, for a total transaction of $2,222,523.35. Following the completion of the transaction, the executive vice president now directly owns 31,378 shares in the company, valued at approximately $2,189,243.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Handel Michael J. Van sold 57,348 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $70.13, for a total value of $4,021,815.24. Following the transaction, the executive vice president now owns 40,931 shares of the company’s stock, valued at $2,870,491.03. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MSI Financial Services Inc increased its position in ManpowerGroup by 208.7% in the third quarter. MSI Financial Services Inc now owns 1,627 shares of the company’s stock worth $118,000 after buying an additional 1,100 shares in the last quarter. Nisa Investment Advisors LLC increased its position in ManpowerGroup by 15.0% in the third quarter. Nisa Investment Advisors LLC now owns 19,243 shares of the company’s stock worth $1,390,000 after buying an additional 2,503 shares in the last quarter. CenturyLink Investment Management Co increased its position in ManpowerGroup by 23.5% in the third quarter. CenturyLink Investment Management Co now owns 14,104 shares of the company’s stock worth $1,019,000 after buying an additional 2,680 shares in the last quarter. Algert Global LLC purchased a new position in ManpowerGroup during the third quarter worth approximately $843,000. Finally, BNP Paribas Arbitrage SA increased its position in ManpowerGroup by 164.0% in the third quarter. BNP Paribas Arbitrage SA now owns 100,037 shares of the company’s stock worth $7,229,000 after buying an additional 62,148 shares in the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.
ManpowerGroup Company Profile
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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