ManpowerGroup Inc. (MAN) Expected to Post Quarterly Sales of $5.55 Billion
Equities research analysts predict that ManpowerGroup Inc. (NYSE:MAN) will announce $5.55 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for ManpowerGroup’s earnings, with the highest sales estimate coming in at $5.58 billion and the lowest estimate coming in at $5.53 billion. ManpowerGroup posted sales of $4.96 billion in the same quarter last year, which would indicate a positive year over year growth rate of 11.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, January 30th.
On average, analysts expect that ManpowerGroup will report full-year sales of $5.55 billion for the current financial year, with estimates ranging from $20.93 billion to $20.98 billion. For the next year, analysts forecast that the business will post sales of $22.35 billion per share, with estimates ranging from $21.89 billion to $22.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for ManpowerGroup.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.08. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 EPS.
ManpowerGroup (NYSE MAN) traded up $2.22 during trading hours on Friday, hitting $124.82. The stock had a trading volume of 703,711 shares, compared to its average volume of 331,723. The firm has a market cap of $8,271.70, a P/E ratio of 18.49 and a beta of 1.44. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.17. ManpowerGroup has a fifty-two week low of $88.39 and a fifty-two week high of $131.99.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.93 dividend. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date was Thursday, November 30th. This represents a $3.72 annualized dividend and a yield of 2.98%. ManpowerGroup’s payout ratio is presently 27.68%.
In other ManpowerGroup news, Director Gina Boswell sold 7,725 shares of ManpowerGroup stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $123.96, for a total value of $957,591.00. Following the completion of the sale, the director now owns 6,601 shares in the company, valued at approximately $818,259.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mara E. Swan sold 6,731 shares of ManpowerGroup stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $123.19, for a total value of $829,191.89. Following the completion of the sale, the executive vice president now owns 31,416 shares of the company’s stock, valued at approximately $3,870,137.04. 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 three months. 0.87% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in ManpowerGroup by 0.3% in the 2nd quarter. BlackRock Inc. now owns 8,214,114 shares of the business services provider’s stock valued at $917,106,000 after buying an additional 28,442 shares during the period. Vanguard Group Inc. grew its holdings in ManpowerGroup by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,286,080 shares of the business services provider’s stock valued at $701,840,000 after buying an additional 267,064 shares during the period. AJO LP grew its holdings in ManpowerGroup by 30.9% in the 2nd quarter. AJO LP now owns 1,839,632 shares of the business services provider’s stock valued at $205,395,000 after buying an additional 434,069 shares during the period. Dimensional Fund Advisors LP grew its holdings in ManpowerGroup by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,617,999 shares of the business services provider’s stock valued at $180,643,000 after buying an additional 69,089 shares during the period. Finally, LSV Asset Management grew its holdings in ManpowerGroup by 7.7% in the 2nd quarter. LSV Asset Management now owns 1,571,568 shares of the business services provider’s stock valued at $175,465,000 after buying an additional 112,900 shares during the period. Institutional investors own 94.66% of the company’s stock.
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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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