ManpowerGroup (NYSE:MAN) Updates Q3 Earnings Guidance

ManpowerGroup (NYSE:MAN) issued an update on its third quarter earnings guidance on Friday morning. The company provided earnings per share guidance of $1.88-1.96 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.18. ManpowerGroup also updated its Q3 2019 guidance to $1.93-2.01 EPS.

Shares of ManpowerGroup stock opened at $90.21 on Monday. The stock has a 50 day moving average price of $91.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.43 and a current ratio of 1.46. ManpowerGroup has a 52-week low of $61.57 and a 52-week high of $97.96. The stock has a market cap of $5.40 billion, a P/E ratio of 10.08, a P/E/G ratio of 3.68 and a beta of 1.57.

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, topping the consensus estimate of $1.99 by $0.06. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a net margin of 2.34% and a return on equity of 19.19%. ManpowerGroup’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.35 EPS. As a group, equities research analysts expect that ManpowerGroup will post 7.85 earnings per share for the current fiscal year.

MAN has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of GasLog Partners LP Unit from a hold rating to a strong sell rating in a research report on Tuesday, April 2nd. BMO Capital Markets set a $44.00 target price on shares of Schlumberger and gave the stock a hold rating in a research report on Monday, April 22nd. Royal Bank of Canada initiated coverage on shares of Robert Half International in a research report on Tuesday, April 16th. They set a sector perform rating on the stock. ValuEngine raised shares of Alleghany from a hold rating to a buy rating in a research report on Friday, April 19th. Finally, Credit Suisse Group initiated coverage on shares of LTC Properties in a research report on Wednesday, July 10th. They set an underperform rating and a $19.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. ManpowerGroup currently has a consensus rating of Hold and an average price target of $94.18.

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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Earnings History and Estimates for ManpowerGroup (NYSE:MAN)

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