$5.55 Billion in Sales Expected for ManpowerGroup Inc. (MAN) This Quarter

Brokerages expect ManpowerGroup Inc. (NYSE:MAN) to announce sales of $5.55 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided 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 company is scheduled to report its next earnings results before the market opens on Friday, February 2nd.

According to Zacks, analysts expect that ManpowerGroup will report full year sales of $5.55 billion for the current fiscal year, with estimates ranging from $20.93 billion to $20.98 billion. For the next financial year, analysts forecast that the business will post sales of $22.40 billion per share, with estimates ranging from $21.89 billion to $22.88 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for ManpowerGroup.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.08. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.87 earnings per share.

A number of analysts have recently issued reports on MAN shares. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 price objective for the company in a research note on Wednesday, October 18th. BMO Capital Markets reissued a “buy” rating and issued a $134.00 price objective on shares of ManpowerGroup in a research note on Friday, October 13th. Nomura increased their price objective on shares of ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Argus upped their target price on shares of ManpowerGroup from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, SunTrust Banks restated a “hold” rating and set a $107.00 target price on shares of ManpowerGroup in a research report on Friday, October 20th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $125.25.

In other ManpowerGroup news, Director Edward J. Zore sold 10,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $127.00, for a total transaction of $1,270,000.00. Following the completion of the transaction, the director now owns 29,876 shares in the company, valued at $3,794,252. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mara E. Swan sold 6,731 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $123.19, for a total transaction of $829,191.89. Following the transaction, 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. In the last 90 days, insiders have sold 30,015 shares of company stock valued at $3,762,970. 0.87% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in MAN. Acadian Asset Management LLC lifted its position in ManpowerGroup by 33.2% during the fourth quarter. Acadian Asset Management LLC now owns 2,296,960 shares of the business services provider’s stock valued at $289,674,000 after purchasing an additional 573,030 shares during the last quarter. Vanguard Group Inc. lifted its position in ManpowerGroup by 4.4% during 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. State Treasurer State of Michigan lifted its position in ManpowerGroup by 794.1% during the third quarter. State Treasurer State of Michigan now owns 247,030 shares of the business services provider’s stock valued at $29,105,000 after purchasing an additional 219,400 shares during the last quarter. Koch Industries Inc. bought a new position in ManpowerGroup during the second quarter valued at $208,000. Finally, APG Asset Management N.V. lifted its position in ManpowerGroup by 24.5% during the third quarter. APG Asset Management N.V. now owns 957,439 shares of the business services provider’s stock valued at $112,805,000 after purchasing an additional 188,700 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Shares of ManpowerGroup (NYSE MAN) opened at $131.18 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $8,553.28, a price-to-earnings ratio of 19.52 and a beta of 1.45. ManpowerGroup has a 52 week low of $91.13 and a 52 week high of $132.52.

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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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