Equities analysts forecast that ManpowerGroup Inc. (NYSE:MAN) will report earnings per share of $1.96 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for ManpowerGroup’s earnings, with the lowest EPS estimate coming in at $1.91 and the highest estimate coming in at $2.10. ManpowerGroup posted earnings per share of $2.47 during the same quarter last year, which would suggest a negative year over year growth rate of 20.6%. The company is scheduled to report its next quarterly earnings results on Friday, October 18th.
According to Zacks, analysts expect that ManpowerGroup will report full year earnings of $7.55 per share for the current financial year, with EPS estimates ranging from $7.47 to $7.72. For the next fiscal year, analysts expect that the firm will post earnings of $8.06 per share, with EPS estimates ranging from $7.90 to $8.28. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover ManpowerGroup.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, July 19th. The business services provider reported $2.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.06. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a return on equity of 19.19% and a net margin of 2.34%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.35 EPS.
Several equities analysts have recently weighed in on MAN shares. BMO Capital Markets boosted their target price on ManpowerGroup to $93.00 and gave the company a “market perform” rating in a research report on Monday, April 22nd. Credit Suisse Group cut ManpowerGroup from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $88.00 to $83.00 in a report on Wednesday, July 10th. Royal Bank of Canada dropped their price objective on ManpowerGroup from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Bank of America dropped their price objective on ManpowerGroup from $100.00 to $96.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on ManpowerGroup from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $93.30.
Shares of NYSE MAN traded up $1.49 during trading hours on Thursday, hitting $84.95. 239,900 shares of the company traded hands, compared to its average volume of 516,420. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 3.51 and a beta of 1.55. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average price is $90.94 and its 200 day moving average price is $88.42. ManpowerGroup has a 12 month low of $61.57 and a 12 month high of $97.96.
ManpowerGroup declared that its board has initiated a share buyback plan on Friday, August 2nd that allows the company to buyback 6,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in shares of ManpowerGroup by 144.4% in the 2nd quarter. Parallel Advisors LLC now owns 352 shares of the business services provider’s stock worth $34,000 after buying an additional 208 shares during the period. CWM LLC lifted its holdings in shares of ManpowerGroup by 114.4% in the 2nd quarter. CWM LLC now owns 373 shares of the business services provider’s stock worth $36,000 after buying an additional 199 shares during the period. Destination Wealth Management purchased a new stake in shares of ManpowerGroup in the 2nd quarter worth $58,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of ManpowerGroup in the 2nd quarter worth $95,000. Finally, Machina Capital S.A.S. lifted its holdings in shares of ManpowerGroup by 273.5% in the 2nd quarter. Machina Capital S.A.S. now owns 1,042 shares of the business services provider’s stock worth $101,000 after buying an additional 763 shares during the period. Institutional investors own 91.24% of the company’s stock.
ManpowerGroup Company Profile
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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