ManpowerGroup (MAN) Receives Consensus Rating of “Hold” from Brokerages
Shares of ManpowerGroup (NYSE:MAN) have earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $85.50.
Several research firms have recently weighed in on MAN. BidaskClub upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Friday, April 21st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $101.00 price objective on shares of ManpowerGroup in a research report on Thursday, March 2nd.
Shares of ManpowerGroup (NYSE MAN) traded up 0.24% on Friday, hitting $107.12. 119,519 shares of the stock traded hands. ManpowerGroup has a 52 week low of $57.26 and a 52 week high of $109.70. The firm has a market cap of $7.19 billion, a P/E ratio of 16.68 and a beta of 1.38. The stock has a 50-day moving average price of $103.70 and a 200 day moving average price of $98.31.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Friday, April 21st. The business services provider reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.02. The company had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.69 billion. ManpowerGroup had a net margin of 2.25% and a return on equity of 17.72%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. Equities research analysts predict that ManpowerGroup will post $6.57 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a $0.93 dividend. This represents a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, May 30th. This is a boost from ManpowerGroup’s previous semiannual dividend of $0.86. ManpowerGroup’s dividend payout ratio (DPR) is presently 28.93%.
In related news, SVP Richard Buchband sold 1,000 shares of ManpowerGroup stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $103.00, for a total value of $103,000.00. Following the transaction, the senior vice president now owns 5,134 shares in the company, valued at approximately $528,802. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of ManpowerGroup during the first quarter worth approximately $101,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position 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 worth $129,000 after buying an additional 300 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of ManpowerGroup during the first quarter worth approximately $201,000. Curbstone Financial Management Corp acquired a new position in shares of ManpowerGroup during the first quarter worth approximately $205,000. Finally, Papp L Roy & Associates acquired a new position in shares of ManpowerGroup during the first quarter worth approximately $205,000. Institutional investors own 95.38% 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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