Q2 2017 EPS Estimates for ManpowerGroup Boosted by Analyst (MAN)
ManpowerGroup (NYSE:MAN) – Investment analysts at Northcoast Research boosted their Q2 2017 EPS estimates for shares of ManpowerGroup in a research note issued on Monday. Northcoast Research analyst J. Healy now expects that the business services provider will earn $1.74 per share for the quarter, up from their previous forecast of $1.68. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for ManpowerGroup’s Q3 2017 earnings at $1.96 EPS.
Several other analysts have also recently issued reports on the stock. BMO Capital Markets upped their price target on shares of ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $111.00 price target (up from $104.00) on shares of ManpowerGroup in a report on Friday, July 14th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Tuesday, July 4th. Finally, BidaskClub raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $97.88.
Shares of ManpowerGroup (NYSE:MAN) opened at 118.07 on Wednesday. The company’s 50-day moving average is $108.79 and its 200 day moving average is $101.38. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 18.39 and a beta of 1.40. ManpowerGroup has a 52 week low of $66.50 and a 52 week high of $118.61.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data 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. ManpowerGroup had a net margin of 2.25% and a return on equity of 17.72%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.69 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. ManpowerGroup’s revenue for the quarter was up 3.7% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in ManpowerGroup during the first quarter valued at $101,000. First Quadrant L P CA bought a new position in ManpowerGroup during the second quarter valued at $123,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in 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. Exane Derivatives increased its position in ManpowerGroup by 166.7% in the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock valued at $154,000 after buying an additional 862 shares during the period. Finally, Parametrica Management Ltd bought a new position in ManpowerGroup during the first quarter valued at $201,000. 93.30% of the stock is currently owned by institutional investors.
In other ManpowerGroup news, SVP Richard Buchband sold 1,250 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $109.00, for a total transaction of $136,250.00. Following the sale, the senior vice president now directly owns 3,884 shares of the company’s stock, valued at $423,356. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.
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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