ManpowerGroup Inc. (MAN) Expected to Announce Earnings of $2.53 Per Share

Equities research analysts predict that ManpowerGroup Inc. (NYSE:MAN) will post earnings of $2.53 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for ManpowerGroup’s earnings. The highest EPS estimate is $2.60 and the lowest is $2.42. ManpowerGroup reported earnings per share of $2.12 in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.3%. The business is expected to announce its next earnings results on Friday, October 19th.

On average, analysts expect that ManpowerGroup will report full year earnings of $8.58 per share for the current financial year, with EPS estimates ranging from $8.54 to $8.62. For the next financial year, analysts anticipate that the company will report earnings of $8.72 per share, with EPS estimates ranging from $8.40 to $9.13. Zacks’ EPS calculations are an average based on a survey of analysts that follow ManpowerGroup.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Friday, October 19th. The business services provider reported $2.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.02. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.64 billion. ManpowerGroup had a return on equity of 20.02% and a net margin of 2.76%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.04 EPS.

MAN has been the subject of several analyst reports. Barclays dropped their target price on ManpowerGroup from $115.00 to $90.00 and set a “$86.63” rating for the company in a report on Wednesday, July 18th. Nomura restated a “buy” rating and issued a $130.00 target price on shares of ManpowerGroup in a report on Sunday, July 22nd. SunTrust Banks reaffirmed a “hold” rating and issued a $100.00 price target on shares of ManpowerGroup in a research note on Monday, July 23rd. Zacks Investment Research raised ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Macquarie lowered ManpowerGroup from an “outperform” rating to a “neutral” rating and set a $91.00 price target on the stock. in a research note on Tuesday, October 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. ManpowerGroup presently has a consensus rating of “Hold” and a consensus price target of $111.18.

In other news, Director Ulice Payne, Jr. sold 1,350 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $89.43, for a total value of $120,730.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mara E. Swan sold 11,192 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $93.77, for a total value of $1,049,473.84. Following the transaction, the executive vice president now directly owns 13,493 shares in the company, valued at approximately $1,265,238.61. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of MAN. Natixis lifted its stake in ManpowerGroup by 6.0% during the 1st quarter. Natixis now owns 16,731 shares of the business services provider’s stock worth $1,926,000 after acquiring an additional 945 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in ManpowerGroup by 19.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,092 shares of the business services provider’s stock worth $470,000 after acquiring an additional 668 shares in the last quarter. Verition Fund Management LLC acquired a new position in ManpowerGroup during the 1st quarter worth about $569,000. Assetmark Inc. lifted its stake in ManpowerGroup by 71.3% during the 1st quarter. Assetmark Inc. now owns 2,450 shares of the business services provider’s stock worth $282,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in ManpowerGroup by 169.3% during the 1st quarter. Millennium Management LLC now owns 450,557 shares of the business services provider’s stock worth $51,859,000 after acquiring an additional 283,264 shares in the last quarter. 91.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:MAN opened at $75.39 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 1.48. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 10.71 and a beta of 1.19. ManpowerGroup has a 52-week low of $71.79 and a 52-week high of $136.93.

ManpowerGroup declared that its Board of Directors has approved a stock buyback plan on Friday, August 3rd that allows the company to repurchase 6,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

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's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

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