Research Analysts Issue Forecasts for ManpowerGroup’s FY2017 Earnings (NYSE:MAN)
ManpowerGroup (NYSE:MAN) – William Blair reduced their FY2017 earnings per share estimates for ManpowerGroup in a research note issued on Monday. William Blair analyst T. Mchugh now expects that the business services provider will post earnings of $6.79 per share for the year, down from their prior estimate of $6.81.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing the Zacks’ consensus estimate of $1.73 by $0.01. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.06 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.60 earnings per share.
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MAN has been the topic of a number of other research reports. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research note on Friday, April 21st. BidaskClub raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $111.00 target price (up previously from $104.00) on shares of ManpowerGroup in a research note on Friday, July 14th. BMO Capital Markets boosted their target price on shares of ManpowerGroup from $113.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $102.71.
ManpowerGroup (NYSE:MAN) opened at 105.21 on Thursday. ManpowerGroup has a 12 month low of $66.50 and a 12 month high of $119.59. The firm has a 50-day moving average price of $110.57 and a 200-day moving average price of $102.19. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 16.39 and a beta of 1.40.
In related news, SVP Richard Buchband sold 1,250 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $109.00, for a total value of $136,250.00. Following the sale, the senior vice president now owns 3,884 shares of the company’s stock, valued at $423,356. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of ManpowerGroup by 1,236.2% in the first quarter. BlackRock Inc. now owns 8,185,672 shares of the business services provider’s stock valued at $839,606,000 after buying an additional 7,573,043 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of ManpowerGroup by 6.7% in the first quarter. Vanguard Group Inc. now owns 6,019,016 shares of the business services provider’s stock valued at $617,369,000 after buying an additional 376,556 shares in the last quarter. Boston Partners boosted its stake in shares of ManpowerGroup by 10.3% in the first quarter. Boston Partners now owns 3,578,268 shares of the business services provider’s stock valued at $367,023,000 after buying an additional 332,916 shares in the last quarter. State Street Corp boosted its stake in shares of ManpowerGroup by 0.6% in the first quarter. State Street Corp now owns 2,673,581 shares of the business services provider’s stock valued at $274,247,000 after buying an additional 16,876 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of ManpowerGroup by 21.1% in the first quarter. AQR Capital Management LLC now owns 1,951,173 shares of the business services provider’s stock valued at $200,132,000 after buying an additional 339,539 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.
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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