Zacks: Brokerages Expect ManpowerGroup Inc. (MAN) to Announce $2.05 Earnings Per Share
Brokerages expect ManpowerGroup Inc. (NYSE:MAN) to announce earnings of $2.05 per share for the current quarter, according to Zacks. Five analysts have provided estimates for ManpowerGroup’s earnings, with the lowest EPS estimate coming in at $2.00 and the highest estimate coming in at $2.09. ManpowerGroup reported earnings of $1.80 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, January 30th.
According to Zacks, analysts expect that ManpowerGroup will report full year earnings of $6.91 per share for the current year, with EPS estimates ranging from $6.87 to $6.93. For the next fiscal year, analysts expect that the firm will post earnings of $7.61 per share, with EPS estimates ranging from $7.15 to $8.00. Zacks’ EPS calculations are an average based on a survey of research analysts that cover ManpowerGroup.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.08. ManpowerGroup had a return on equity of 21.47% and a net margin of 2.52%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the previous year, the firm earned $1.87 earnings per share. ManpowerGroup’s revenue was up 7.4% on a year-over-year basis.
In related news, Director Patricia Hemingway Hall sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $127.54, for a total value of $382,620.00. Following the completion of the sale, the director now owns 4,021 shares in the company, valued at approximately $512,838.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard Buchband sold 2,059 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $126.48, for a total value of $260,422.32. The disclosure for this sale can be found here. Insiders sold a total of 30,015 shares of company stock valued at $3,762,970 in the last 90 days. 0.87% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in ManpowerGroup by 0.3% in the 2nd quarter. BlackRock Inc. now owns 8,214,114 shares of the business services provider’s stock worth $917,106,000 after buying an additional 28,442 shares during the last quarter. Vanguard Group Inc. lifted its position in ManpowerGroup by 4.4% in the second quarter. Vanguard Group Inc. now owns 6,286,080 shares of the business services provider’s stock valued at $701,840,000 after purchasing an additional 267,064 shares during the last quarter. AJO LP lifted its position in ManpowerGroup by 30.9% in the second quarter. AJO LP now owns 1,839,632 shares of the business services provider’s stock valued at $205,395,000 after purchasing an additional 434,069 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in ManpowerGroup by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,617,999 shares of the business services provider’s stock valued at $180,643,000 after purchasing an additional 69,089 shares during the last quarter. Finally, LSV Asset Management lifted its position in ManpowerGroup by 7.7% in the second quarter. LSV Asset Management now owns 1,571,568 shares of the business services provider’s stock valued at $175,465,000 after purchasing an additional 112,900 shares during the last quarter. Institutional investors own 94.66% of the company’s stock.
ManpowerGroup (MAN) opened at $122.60 on Friday. ManpowerGroup has a twelve month low of $88.39 and a twelve month high of $131.99. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $8,325.98, a PE ratio of 18.61 and a beta of 1.44.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.93 dividend. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, November 30th. This represents a $3.72 dividend on an annualized basis and a yield of 3.03%. ManpowerGroup’s payout ratio is presently 27.68%.
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.
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