ManpowerGroup (NYSE:MAN) Issues Q2 2021 Earnings Guidance

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ManpowerGroup (NYSE:MAN) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.360-1.440 for the period, compared to the Thomson Reuters consensus estimate of $1.110. The company issued revenue guidance of -.

Shares of NYSE MAN traded down $1.61 during mid-day trading on Tuesday, hitting $121.62. 7,598 shares of the company traded hands, compared to its average volume of 411,334. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.41. ManpowerGroup has a 1 year low of $61.12 and a 1 year high of $124.42. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 84.69, a PEG ratio of 4.82 and a beta of 2.07. The business has a 50 day moving average of $107.35 and a two-hundred day moving average of $93.51.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Monday, April 19th. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.44. ManpowerGroup had a net margin of 0.47% and a return on equity of 9.72%. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that ManpowerGroup will post 3.34 EPS for the current year.

Several analysts have issued reports on the stock. Truist Securities boosted their target price on shares of ManpowerGroup from $120.00 to $130.00 in a research note on Wednesday, April 21st. Barclays upped their price target on ManpowerGroup from $120.00 to $140.00 and gave the company an overweight rating in a research report on Monday. Truist raised their price objective on ManpowerGroup from $120.00 to $130.00 in a research report on Wednesday, April 21st. Bank of America raised ManpowerGroup from a neutral rating to a buy rating in a research note on Wednesday, February 3rd. Finally, TheStreet raised shares of ManpowerGroup from a c+ rating to a b- rating in a research report on Tuesday, February 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $103.00.

In other ManpowerGroup news, CFO John T. Mcginnis sold 10,000 shares of the stock in a transaction that occurred on Friday, April 16th. The stock was sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the transaction, the chief financial officer now owns 12,343 shares in the company, valued at $1,359,704.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Richard Buchband sold 5,541 shares of ManpowerGroup stock in a transaction that occurred on Monday, April 12th. The shares were sold at an average price of $105.47, for a total transaction of $584,409.27. Following the completion of the transaction, the senior vice president now directly owns 10,687 shares in the company, valued at approximately $1,127,157.89. The disclosure for this sale can be found here. Corporate insiders own 1.29% of the company’s stock.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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Earnings History and Estimates for ManpowerGroup (NYSE:MAN)

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