Northcoast Research Analysts Lift Earnings Estimates for ManpowerGroup (MAN)
ManpowerGroup (NYSE:MAN) – Analysts at Northcoast Research raised their Q3 2017 EPS estimates for ManpowerGroup in a research report issued on Tuesday. Northcoast Research analyst J. Healy now expects that the business services provider will post earnings of $1.97 per share for the quarter, up from their previous forecast of $1.96. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for ManpowerGroup’s Q4 2017 earnings at $2.00 EPS and FY2018 earnings at $7.37 EPS.
MAN has been the topic of a number of other research reports. BidaskClub upgraded ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research note on Friday, April 21st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $111.00 price objective (up previously from $104.00) on shares of ManpowerGroup in a research note on Friday, July 14th. Credit Suisse Group reiterated a “neutral” rating and set a $111.00 price objective (up previously from $106.00) on shares of ManpowerGroup in a research note on Tuesday. Finally, BMO Capital Markets upped their price objective on ManpowerGroup from $113.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. ManpowerGroup has a consensus rating of “Buy” and a consensus target price of $102.71.
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ManpowerGroup (NYSE:MAN) opened at 108.23 on Wednesday. ManpowerGroup has a one year low of $66.50 and a one year high of $119.59. The firm has a market cap of $7.26 billion, a P/E ratio of 16.86 and a beta of 1.40. The firm’s 50-day moving average price is $110.31 and its 200 day moving average price is $102.04.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.73 by $0.01. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the business earned $1.60 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis.
In related news, SVP Richard Buchband sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $109.00, for a total transaction of $136,250.00. Following the transaction, the senior vice president now directly owns 3,884 shares of the company’s stock, valued at approximately $423,356. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in ManpowerGroup during the first quarter worth $101,000. First Quadrant L P CA acquired a new position in ManpowerGroup during the second quarter worth $123,000. Livforsakringsbolaget Skandia Omsesidigt raised 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 worth $129,000 after buying an additional 300 shares during the last quarter. Exane Derivatives raised 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 worth $154,000 after buying an additional 862 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new position in ManpowerGroup during the first quarter worth $201,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.
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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