ManpowerGroup Inc. (NYSE:MAN) – William Blair increased their Q3 2018 earnings estimates for shares of ManpowerGroup in a note issued to investors on Tuesday. William Blair analyst T. Mchugh now forecasts that the business services provider will earn $2.57 per share for the quarter, up from their prior forecast of $2.19. William Blair also issued estimates for ManpowerGroup’s Q4 2018 earnings at $2.67 EPS and FY2018 earnings at $9.29 EPS.

ManpowerGroup (NYSE:MAN) last announced 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. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the prior year, the business earned $1.87 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. SunTrust Banks restated a “hold” rating and issued a $107.00 target price on shares of ManpowerGroup in a research note on Friday, October 20th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $126.00 price target (up previously from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd. Zacks Investment Research cut ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Nomura upped their price target on ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Argus lifted their target price on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $125.25.

ManpowerGroup (NYSE MAN) traded up $0.76 during trading hours on Friday, reaching $129.90. The company had a trading volume of 479,400 shares, compared to its average volume of 333,938. 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 twelve month low of $90.57 and a twelve month high of $131.99. The firm has a market cap of $8,630.00, a price-to-earnings ratio of 19.36 and a beta of 1.45.

Several large investors have recently bought and sold shares of the company. Security National Bank of SO Dak lifted its position in ManpowerGroup by 1.2% in the second quarter. Security National Bank of SO Dak now owns 8,165 shares of the business services provider’s stock valued at $911,000 after buying an additional 100 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in shares of ManpowerGroup by 0.7% during the second quarter. Suntrust Banks Inc. now owns 22,280 shares of the business services provider’s stock worth $2,487,000 after purchasing an additional 159 shares during the period. Acrospire Investment Management LLC lifted its holdings in shares of ManpowerGroup by 27.6% during the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock worth $103,000 after purchasing an additional 200 shares during the period. Signet Financial Management LLC lifted its holdings in shares of ManpowerGroup by 0.5% during the second quarter. Signet Financial Management LLC now owns 47,308 shares of the business services provider’s stock worth $5,282,000 after purchasing an additional 223 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of ManpowerGroup by 0.8% during the second quarter. Mutual of America Capital Management LLC now owns 54,336 shares of the business services provider’s stock worth $6,067,000 after purchasing an additional 423 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Mara E. Swan sold 6,731 shares of the firm’s 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 sale, the executive vice president now directly owns 31,416 shares in the company, valued at approximately $3,870,137.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cari M. Dominguez sold 500 shares of ManpowerGroup stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total transaction of $63,145.00. Following the completion of the sale, the director now owns 16,990 shares of the company’s stock, valued at $2,145,667.10. The disclosure for this sale can be found here. In the last three months, insiders sold 30,015 shares of company stock worth $3,762,970. Insiders own 0.87% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.93 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date was Thursday, November 30th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.86%. ManpowerGroup’s dividend payout ratio is currently 27.72%.

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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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