ManpowerGroup Inc. (NYSE:MAN) – Northcoast Research issued their Q1 2018 EPS estimates for shares of ManpowerGroup in a research report issued on Monday. Northcoast Research analyst J. Healy forecasts that the business services provider will post earnings per share of $1.73 for the quarter. Northcoast Research also issued estimates for ManpowerGroup’s Q2 2018 earnings at $2.22 EPS, Q3 2018 earnings at $2.40 EPS, Q4 2018 earnings at $2.41 EPS and FY2019 earnings at $9.15 EPS.
A number of other brokerages also recently commented on MAN. Deutsche Bank restated a “hold” rating and set a $110.00 price objective on shares of ManpowerGroup in a research note on Tuesday, January 9th. BMO Capital Markets decreased their price target on ManpowerGroup to $136.00 and set a “buy” rating for the company in a research note on Monday. Zacks Investment Research cut ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Credit Suisse Group reissued a “neutral” rating and issued a $126.00 price target (up previously from $111.00) on shares of ManpowerGroup in a research note on Monday, October 23rd. Finally, ValuEngine raised ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $124.50.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.54 billion. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.87 EPS.
A number of hedge funds have recently made changes to their positions in MAN. National Pension Service bought a new position in ManpowerGroup during the fourth quarter valued at about $165,000. Calamos Advisors LLC bought a new position in ManpowerGroup during the third quarter valued at about $203,000. Bank of Hawaii bought a new position in ManpowerGroup during the third quarter valued at about $207,000. Koch Industries Inc. bought a new position in ManpowerGroup during the second quarter valued at about $208,000. Finally, Mckinley Capital Management LLC Delaware bought a new position in ManpowerGroup during the third quarter valued at about $221,000. 95.99% of the stock is owned by institutional investors and hedge funds.
In related news, Director Patricia Hemingway Hall sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $127.54, for a total transaction of $382,620.00. Following the completion of the transaction, the director now owns 4,021 shares of the company’s stock, valued at $512,838.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Cari M. Dominguez sold 500 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $126.29, for a total value of $63,145.00. Following the transaction, the director now directly owns 16,990 shares of the company’s stock, valued at approximately $2,145,667.10. The disclosure for this sale can be found here. In the last three months, insiders sold 15,559 shares of company stock valued at $1,976,187. Company insiders own 0.87% of the company’s stock.
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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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