ManpowerGroup (MAN) to Release Earnings on Friday
ManpowerGroup (NYSE:MAN) is scheduled to be releasing its earnings data before the market opens on Friday, October 20th. Analysts expect ManpowerGroup to post earnings of $1.94 per share for the quarter. ManpowerGroup has set its Q3 guidance at $1.90-1.98 EPS.
ManpowerGroup (NYSE:MAN) last issued its earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the business posted $1.60 EPS. ManpowerGroup’s revenue was up 2.5% compared to the same quarter last year. On average, analysts expect ManpowerGroup to post $6.75 EPS for the current fiscal year and $7.53 EPS for the next fiscal year.
ManpowerGroup (MAN) opened at 121.46 on Friday. ManpowerGroup has a one year low of $71.47 and a one year high of $123.44. The company has a 50-day moving average price of $115.72 and a 200-day moving average price of $108.24. The firm has a market cap of $8.11 billion, a PE ratio of 18.58 and a beta of 1.40.
In other ManpowerGroup news, EVP Mara E. Swan sold 2,393 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $109.18, for a total transaction of $261,267.74. Following the transaction, the executive vice president now directly owns 27,078 shares of the company’s stock, valued at $2,956,376.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sriram Chandrashekar sold 19,912 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $105.39, for a total transaction of $2,098,525.68. Following the transaction, the executive vice president now directly owns 1,659 shares in the company, valued at $174,842.01. The disclosure for this sale can be found here. Insiders have sold 122,858 shares of company stock worth $13,029,300 over the last three months. Company insiders own 0.87% of the company’s stock.
A number of equities analysts have recently weighed in on MAN shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $124.00 price target on shares of ManpowerGroup in a research note on Friday, September 1st. BidaskClub downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Northcoast Research reaffirmed a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. Zacks Investment Research downgraded shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $111.00 price target (up from $106.00) on shares of ManpowerGroup in a research note on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $111.20.
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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