ManpowerGroup (MAN) Updates Q4 Earnings Guidance

ManpowerGroup (NYSE:MAN) issued an update on its fourth quarter earnings guidance on Friday morning. The company provided earnings per share guidance of $2.01-2.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.01.

Several brokerages have weighed in on MAN. SunTrust Banks, Inc. reissued a hold rating and set a $107.00 price target on shares of ManpowerGroup in a research report on Friday. Zacks Investment Research upgraded shares of ManpowerGroup from a hold rating to a buy rating and set a $138.00 price objective for the company in a report on Wednesday. BMO Capital Markets restated a buy rating and issued a $134.00 price objective on shares of ManpowerGroup in a report on Friday, October 13th. Royal Bank Of Canada lowered shares of ManpowerGroup from an outperform rating to a sector perform rating in a research note on Thursday, September 28th. Finally, BidaskClub lowered shares of ManpowerGroup from a buy rating to a hold rating in a research note on Saturday, August 19th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $120.20.

Shares of ManpowerGroup (NYSE:MAN) opened at 122.74 on Friday. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 18.78 and a beta of 1.40. ManpowerGroup has a 1-year low of $75.29 and a 1-year high of $124.24. The firm’s 50-day moving average is $117.89 and its 200-day moving average is $109.16.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.08. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 earnings per share. Analysts forecast that ManpowerGroup will post $6.76 earnings per share for the current fiscal year.

In other news, EVP Sriram Chandrashekar sold 19,912 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $105.39, for a total transaction of $2,098,525.68. Following the transaction, the executive vice president now owns 1,659 shares in the company, valued at $174,842.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mara E. Swan sold 2,393 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $109.18, for a total transaction of $261,267.74. Following the transaction, the executive vice president now owns 27,078 shares in the company, valued at approximately $2,956,376.04. The disclosure for this sale can be found here. Insiders sold 122,858 shares of company stock valued at $13,029,300 over the last quarter. 0.87% of the stock is currently owned by corporate insiders.

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About ManpowerGroup

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.

Earnings History and Estimates for ManpowerGroup (NYSE:MAN)

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