ManpowerGroup Inc. (NYSE:MAN) Expected to Announce Earnings of $1.99 Per Share

Wall Street analysts forecast that ManpowerGroup Inc. (NYSE:MAN) will report $1.99 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for ManpowerGroup’s earnings, with the highest EPS estimate coming in at $2.00 and the lowest estimate coming in at $1.98. ManpowerGroup reported earnings per share of $2.35 in the same quarter last year, which would suggest a negative year over year growth rate of 15.3%. The firm is expected to report its next quarterly earnings results on Friday, July 19th.

According to Zacks, analysts expect that ManpowerGroup will report full-year earnings of $7.84 per share for the current year, with EPS estimates ranging from $7.70 to $8.14. For the next financial year, analysts expect that the business will post earnings of $8.42 per share, with EPS estimates ranging from $8.15 to $8.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover ManpowerGroup.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, April 18th. The business services provider reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5 billion. During the same quarter in the previous year, the company earned $1.72 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year.

A number of analysts have recently commented on the company. Credit Suisse Group downgraded ManpowerGroup from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $102.00 to $88.00 in a report on Wednesday. BMO Capital Markets upped their price target on shares of ManpowerGroup to $93.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. ValuEngine raised shares of ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada began coverage on shares of ManpowerGroup in a research report on Tuesday, April 16th. They set an “outperform” rating and a $114.00 price target for the company. Finally, Zacks Investment Research cut shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. ManpowerGroup has an average rating of “Hold” and a consensus target price of $94.64.

Shares of MAN stock traded down $1.65 on Friday, reaching $90.80. 452,400 shares of the stock were exchanged, compared to its average volume of 582,799. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 3.71 and a beta of 1.55. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.38. ManpowerGroup has a 1-year low of $61.57 and a 1-year high of $97.26.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be given a $1.09 dividend. This is a boost from ManpowerGroup’s previous semiannual dividend of $1.01. This represents a yield of 2.43%. The ex-dividend date is Friday, May 31st. ManpowerGroup’s dividend payout ratio is presently 24.36%.

Large investors have recently bought and sold shares of the business. HRT Financial LLC purchased a new position in ManpowerGroup in the 4th quarter valued at about $389,000. Worldquant Millennium Quantitative Strategies LLC boosted its position in ManpowerGroup by 28.8% in the 4th quarter. Worldquant Millennium Quantitative Strategies LLC now owns 328,544 shares of the business services provider’s stock valued at $21,290,000 after buying an additional 73,398 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in ManpowerGroup in the 4th quarter valued at about $84,000. Cambridge Investment Research Advisors Inc. purchased a new position in ManpowerGroup in the 1st quarter valued at about $3,846,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in ManpowerGroup by 243.8% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 35,819 shares of the business services provider’s stock valued at $2,030,000 after buying an additional 25,401 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

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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