ManpowerGroup to Post Q1 2018 Earnings of $1.47 Per Share, William Blair Forecasts (MAN)
ManpowerGroup (NYSE:MAN) – Investment analysts at William Blair issued their Q1 2018 earnings per share estimates for shares of ManpowerGroup in a research report issued to clients and investors on Friday. William Blair analyst T. Mchugh forecasts that the business services provider will post earnings of $1.47 per share for the quarter. William Blair also issued estimates for ManpowerGroup’s Q2 2018 earnings at $2.00 EPS, Q3 2018 earnings at $2.10 EPS and Q4 2018 earnings at $2.21 EPS.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $1.96 by $0.08. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 EPS. ILLEGAL ACTIVITY NOTICE: “ManpowerGroup to Post Q1 2018 Earnings of $1.47 Per Share, William Blair Forecasts (MAN)” was published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/23/manpowergroup-to-post-q1-2018-earnings-of-1-47-per-share-william-blair-forecasts-man.html.
A number of other research firms have also weighed in on MAN. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $107.00 price objective on shares of ManpowerGroup in a research report on Friday. BMO Capital Markets restated a “buy” rating and set a $134.00 target price on shares of ManpowerGroup in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 target price on the stock in a research report on Wednesday, October 18th. Royal Bank Of Canada lowered shares of ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 28th. Finally, Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $120.20.
Shares of ManpowerGroup (MAN) opened at 122.74 on Monday. ManpowerGroup has a one year low of $74.07 and a one year high of $124.24. The stock has a market capitalization of $8.19 billion, a P/E ratio of 18.78 and a beta of 1.40. The company’s 50-day moving average is $117.89 and its 200-day moving average is $109.16.
In other ManpowerGroup news, EVP Mara E. Swan sold 2,393 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total value of $261,267.74. Following the completion of the transaction, the executive vice president now owns 27,078 shares in the company, valued at approximately $2,956,376.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sriram Chandrashekar sold 19,912 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $105.39, for a total value of $2,098,525.68. Following the completion of the transaction, the executive vice president now owns 1,659 shares of the company’s stock, valued at approximately $174,842.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,858 shares of company stock valued at $13,029,300. Corporate insiders own 0.87% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC boosted its holdings in ManpowerGroup by 4.1% in the 1st quarter. Teachers Advisors LLC now owns 222,883 shares of the business services provider’s stock worth $22,861,000 after acquiring an additional 8,833 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in ManpowerGroup in the 2nd quarter worth approximately $1,374,000. Keybank National Association OH boosted its holdings in ManpowerGroup by 42.1% in the 2nd quarter. Keybank National Association OH now owns 13,777 shares of the business services provider’s stock worth $1,538,000 after acquiring an additional 4,080 shares during the period. Ray Gerald L & Associates Ltd. boosted its holdings in ManpowerGroup by 1.9% in the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 16,200 shares of the business services provider’s stock worth $1,809,000 after acquiring an additional 300 shares during the period. Finally, Burney Co. boosted its holdings in ManpowerGroup by 10.9% in the 2nd quarter. Burney Co. now owns 33,648 shares of the business services provider’s stock worth $3,714,000 after acquiring an additional 3,318 shares during the period. Hedge funds and other institutional investors own 93.64% 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.
Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.