Wall Street brokerages predict that ManpowerGroup (NYSE:MAN) will post $5.38 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for ManpowerGroup’s earnings. The lowest sales estimate is $5.24 billion and the highest is $5.43 billion. ManpowerGroup reported sales of $4.76 billion during the same quarter last year, which indicates a positive year over year growth rate of 13%. The business is expected to issue its next quarterly earnings report on Friday, April 20th.
On average, analysts expect that ManpowerGroup will report full year sales of $5.38 billion for the current year, with estimates ranging from $22.64 billion to $23.39 billion. For the next fiscal year, analysts forecast that the firm will post sales of $24.28 billion per share, with estimates ranging from $23.77 billion to $24.93 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for ManpowerGroup.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Friday, February 2nd. The business services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $2.05 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.54 billion. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 EPS.
MAN traded down $1.47 during trading on Wednesday, hitting $113.63. The company had a trading volume of 440,582 shares, compared to its average volume of 485,171. The stock has a market capitalization of $7,615.18, a P/E ratio of 16.14 and a beta of 1.34. ManpowerGroup has a one year low of $97.15 and a one year high of $136.93. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.17.
In other ManpowerGroup news, COO Darryl Green sold 10,000 shares of ManpowerGroup stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $117.26, for a total value of $1,172,600.00. Following the sale, the chief operating officer now directly owns 21,233 shares in the company, valued at approximately $2,489,781.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mara E. Swan sold 7,127 shares of ManpowerGroup stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $118.84, for a total transaction of $846,972.68. Following the completion of the sale, the executive vice president now owns 27,986 shares in the company, valued at $3,325,856.24. The disclosure for this sale can be found here. Insiders sold a total of 57,547 shares of company stock worth $6,842,051 over the last quarter. Company insiders own 1.02% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC increased its stake in shares of ManpowerGroup by 33.2% during the 4th quarter. Acadian Asset Management LLC now owns 2,296,960 shares of the business services provider’s stock worth $289,674,000 after purchasing an additional 573,030 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of ManpowerGroup by 96.3% during the 3rd quarter. Janus Henderson Group PLC now owns 378,265 shares of the business services provider’s stock worth $44,568,000 after purchasing an additional 185,591 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of ManpowerGroup by 46.7% during the 4th quarter. Wells Fargo & Company MN now owns 518,860 shares of the business services provider’s stock worth $65,433,000 after purchasing an additional 165,146 shares during the last quarter. Millennium Management LLC increased its stake in shares of ManpowerGroup by 4,014.4% during the 4th quarter. Millennium Management LLC now owns 167,293 shares of the business services provider’s stock worth $21,097,000 after purchasing an additional 163,227 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of ManpowerGroup by 15.7% during the 4th quarter. APG Asset Management N.V. now owns 1,107,339 shares of the business services provider’s stock worth $116,295,000 after purchasing an additional 149,900 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.
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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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