ManpowerGroup Inc. (MAN) Expected to Announce Quarterly Sales of $5.91 Billion

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Brokerages expect ManpowerGroup Inc. (NYSE:MAN) to report $5.91 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for ManpowerGroup’s earnings. The lowest sales estimate is $5.90 billion and the highest is $5.91 billion. ManpowerGroup reported sales of $5.17 billion during the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The business is expected to report its next earnings report on Monday, July 23rd.

On average, analysts expect that ManpowerGroup will report full year sales of $23.31 billion for the current fiscal year, with estimates ranging from $23.02 billion to $23.62 billion. For the next year, analysts forecast that the firm will post sales of $24.54 billion per share, with estimates ranging from $24.07 billion to $24.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for ManpowerGroup.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Friday, April 20th. The business services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.07. The firm had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.42 billion. ManpowerGroup had a net margin of 2.61% and a return on equity of 18.67%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share.

MAN has been the subject of a number of research reports. Argus lifted their price objective on shares of ManpowerGroup from $120.23 to $138.00 and gave the company a “buy” rating in a report on Thursday, March 8th. Barclays cut shares of ManpowerGroup from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $130.00 to $115.00 in a report on Tuesday, April 3rd. Zacks Investment Research cut shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a report on Monday, April 9th. BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $136.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, April 20th. Finally, Robert W. Baird reiterated a “buy” rating and set a $116.00 price target on shares of ManpowerGroup in a report on Monday, April 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $119.91.

Shares of ManpowerGroup traded down $2.24, reaching $89.50, during trading on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 556,047 shares, compared to its average volume of 626,450. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $6.04 billion, a P/E ratio of 12.87 and a beta of 1.35. ManpowerGroup has a 1-year low of $89.10 and a 1-year high of $136.93.

The company also recently declared a semiannual dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were issued a dividend of $1.01 per share. This represents a yield of 2.1%. The ex-dividend date was Thursday, May 31st. This is a boost from ManpowerGroup’s previous semiannual dividend of $0.93. ManpowerGroup’s payout ratio is 28.69%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC lifted its position 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 buying an additional 163,227 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of ManpowerGroup by 35.9% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,300 shares of the business services provider’s stock worth $668,000 after buying an additional 1,400 shares during the last quarter. Vident Investment Advisory LLC lifted its position in shares of ManpowerGroup by 6.5% during the 4th quarter. Vident Investment Advisory LLC now owns 26,024 shares of the business services provider’s stock worth $3,282,000 after buying an additional 1,584 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of ManpowerGroup by 27.4% during the 4th quarter. Alliancebernstein L.P. now owns 68,356 shares of the business services provider’s stock worth $8,620,000 after buying an additional 14,700 shares during the last quarter. Finally, Martingale Asset Management L P lifted its position in shares of ManpowerGroup by 9.0% during the 4th quarter. Martingale Asset Management L P now owns 210,790 shares of the business services provider’s stock worth $26,583,000 after buying an additional 17,405 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

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

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Earnings History and Estimates for ManpowerGroup (NYSE:MAN)

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