ManpowerGroup (NYSE:MAN) updated its second quarter earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $2.33-2.41 for the period, compared to the Thomson Reuters consensus estimate of $2.34.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded ManpowerGroup from a strong-buy rating to a hold rating in a report on Monday, April 9th. Goldman Sachs assumed coverage on ManpowerGroup in a report on Tuesday, March 27th. They set a neutral rating and a $128.00 target price for the company. Barclays downgraded ManpowerGroup from an equal weight rating to an underweight rating and decreased their target price for the stock from $130.00 to $115.00 in a report on Tuesday, April 3rd. ValuEngine raised ManpowerGroup from a hold rating to a buy rating in a report on Friday, February 2nd. Finally, BMO Capital Markets decreased their target price on ManpowerGroup to $136.00 and set a buy rating for the company in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $124.20.
ManpowerGroup stock opened at $117.00 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.28 and a quick ratio of 1.28. ManpowerGroup has a 52 week low of $97.88 and a 52 week high of $136.93. The stock has a market cap of $7,847.41, a P/E ratio of 16.86 and a beta of 1.34.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Friday, April 20th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.09. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The company had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the company posted $1.09 earnings per share. ManpowerGroup’s revenue for the quarter was up 16.1% on a year-over-year basis. equities analysts anticipate that ManpowerGroup will post 8.96 EPS for the current fiscal year.
In other ManpowerGroup news, EVP Mara E. Swan sold 7,127 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $118.84, for a total value of $846,972.68. Following the completion of the transaction, the executive vice president now directly owns 27,986 shares of the company’s stock, valued at $3,325,856.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Darryl Green sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $117.26, for a total value of $1,172,600.00. Following the completion of the transaction, the chief operating officer now directly owns 21,233 shares of the company’s stock, valued at $2,489,781.58. The disclosure for this sale can be found here. Insiders sold 57,547 shares of company stock valued at $6,842,051 over the last three months. 1.02% of the stock is currently owned by corporate insiders.
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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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