Zacks: Analysts Expect ManpowerGroup Inc. (NYSE:MAN) Will Announce Earnings of $1.99 Per Share

Equities research analysts predict that ManpowerGroup Inc. (NYSE:MAN) will announce earnings of $1.99 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for ManpowerGroup’s earnings. The lowest EPS estimate is $1.98 and the highest is $2.00. ManpowerGroup reported earnings per share of $2.35 in the same quarter last year, which suggests a negative year-over-year growth rate of 15.3%. The business is expected to announce its next quarterly earnings report on Friday, July 19th.

On average, 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 anticipate that the firm will post earnings of $8.42 per share, with EPS estimates ranging from $8.15 to $8.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for ManpowerGroup.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, April 18th. The business services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. ManpowerGroup had a net margin of 2.39% and a return on equity of 20.08%. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5 billion. During the same quarter in the prior year, the company posted $1.72 EPS. The business’s revenue for the quarter was down 8.6% on a year-over-year basis.

Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a research note on Wednesday, February 20th. Royal Bank of Canada assumed coverage on shares of ManpowerGroup in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $114.00 price target for the company. BMO Capital Markets increased their price target on shares of ManpowerGroup to $93.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. Finally, Credit Suisse Group cut shares of ManpowerGroup from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $102.00 to $88.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $94.64.

Shares of ManpowerGroup stock traded down $2.20 during mid-day trading on Friday, hitting $90.33. The stock had a trading volume of 10,565 shares, compared to its average volume of 584,445. ManpowerGroup has a 12-month low of $61.57 and a 12-month high of $97.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 3.63 and a beta of 1.54.

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

Several large investors have recently bought and sold shares of MAN. Teachers Advisors LLC boosted its position in shares of ManpowerGroup by 5.4% during the 3rd quarter. Teachers Advisors LLC now owns 119,729 shares of the business services provider’s stock worth $10,292,000 after purchasing an additional 6,140 shares during the period. Sigma Planning Corp purchased a new position in shares of ManpowerGroup during the 4th quarter worth approximately $246,000. Crossmark Global Holdings Inc. boosted its position in shares of ManpowerGroup by 10.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,809 shares of the business services provider’s stock worth $571,000 after purchasing an additional 830 shares during the period. Rhumbline Advisers boosted its position in shares of ManpowerGroup by 40.6% during the 4th quarter. Rhumbline Advisers now owns 162,400 shares of the business services provider’s stock worth $10,524,000 after purchasing an additional 46,888 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of ManpowerGroup by 40.1% during the 4th quarter. SG Americas Securities LLC now owns 56,212 shares of the business services provider’s stock worth $3,643,000 after purchasing an additional 16,093 shares during the period. 91.08% of the stock is owned by hedge funds and other institutional investors.

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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