Analysts Expect ManpowerGroup Inc. (MAN) Will Post Quarterly Sales of $5 Billion
Equities analysts predict that ManpowerGroup Inc. (NYSE:MAN) will post sales of $5 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for ManpowerGroup’s earnings, with the highest sales estimate coming in at $5.02 billion and the lowest estimate coming in at $4.98 billion. ManpowerGroup reported sales of $5.02 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 0.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, July 20th.
On average, analysts expect that ManpowerGroup will report full year sales of $5 billion for the current financial year, with estimates ranging from $19.88 billion to $20.22 billion. For the next fiscal year, analysts anticipate that the company will report sales of $21.04 billion per share, with estimates ranging from $20.4 billion to $21.49 billion. Zacks’ sales 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, April 21st. The business services provider reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.02. The business earned $4.76 billion during the quarter, compared to the consensus estimate of $4.69 billion. ManpowerGroup had a net margin of 2.26% and a return on equity of 17.36%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS.
Several equities analysts have commented on MAN shares. BMO Capital Markets reissued a “buy” rating and issued a $97.00 target price on shares of ManpowerGroup in a report on Monday, January 9th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Thursday, February 2nd. Finally, Royal Bank of Canada set a $98.00 target price on shares of ManpowerGroup and gave the company a “hold” rating in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $88.27.
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In related news, SVP Richard Buchband sold 1,500 shares of ManpowerGroup stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $96.94, for a total transaction of $145,410.00. Following the sale, the senior vice president now directly owns 7,134 shares of the company’s stock, valued at approximately $691,569.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Darryl Green sold 61,740 shares of ManpowerGroup stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $98.70, for a total transaction of $6,093,738.00. Following the sale, the chief operating officer now directly owns 20,047 shares in the company, valued at $1,978,638.90. The disclosure for this sale can be found here. Insiders have sold a total of 88,499 shares of company stock worth $8,671,255 over the last ninety days. 1.60% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of ManpowerGroup by 31.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,255 shares of the business services provider’s stock valued at $129,000 after buying an additional 300 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of ManpowerGroup during the fourth quarter valued at about $135,000. Zacks Investment Management bought a new stake in shares of ManpowerGroup during the third quarter valued at about $201,000. Parametrica Management Ltd bought a new stake in shares of ManpowerGroup during the first quarter valued at about $201,000. Finally, Curbstone Financial Management Corp bought a new stake in shares of ManpowerGroup during the first quarter valued at about $205,000. 94.09% of the stock is currently owned by institutional investors.
ManpowerGroup (NYSE:MAN) traded down 0.55% during mid-day trading on Thursday, reaching $102.87. 184,705 shares of the company were exchanged. The company’s 50 day moving average price is $101.03 and its 200-day moving average price is $92.68. ManpowerGroup has a 12-month low of $57.26 and a 12-month high of $106.99. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 16.02 and a beta of 1.57.
The business also recently declared a semiannual dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This is a positive change from ManpowerGroup’s previous semiannual dividend of $0.86. This represents a dividend yield of 1.8%. ManpowerGroup’s payout ratio is 27.22%.
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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