ManpowerGroup Inc. (NYSE:MAN)’s share price reached a new 52-week low on Monday . The company traded as low as $89.10 and last traded at $89.72, with a volume of 10826 shares. The stock had previously closed at $91.46.
A number of equities analysts recently weighed in on the stock. ValuEngine cut shares of ManpowerGroup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Zacks Investment Research cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. SunTrust Banks reaffirmed a “hold” rating on shares of ManpowerGroup in a research report on Friday, April 20th. Goldman Sachs Group assumed coverage on shares of ManpowerGroup in a research report on Tuesday, March 27th. They set a “neutral” rating and a $128.00 price objective for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $116.00 price objective on shares of ManpowerGroup in a research report on Monday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. ManpowerGroup presently has an average rating of “Hold” and an average target price of $119.91.
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 cap of $6.04 billion, a P/E ratio of 12.87 and a beta of 1.35.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, April 20th. The business services provider reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.07. ManpowerGroup had a net margin of 2.61% and a return on equity of 18.67%. The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the company posted $1.09 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. analysts anticipate that ManpowerGroup Inc. will post 9.22 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were given a $1.01 dividend. 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 dividend payout ratio (DPR) is currently 28.69%.
A number of hedge funds have recently modified their holdings of the business. Profund Advisors LLC boosted its position in ManpowerGroup by 6.2% in the 4th quarter. Profund Advisors LLC now owns 7,635 shares of the business services provider’s stock valued at $963,000 after buying an additional 447 shares during the period. Rhumbline Advisers lifted its position in shares of ManpowerGroup by 0.4% during the 4th quarter. Rhumbline Advisers now owns 124,904 shares of the business services provider’s stock worth $15,752,000 after purchasing an additional 550 shares during the last quarter. Meridian Wealth Management LLC lifted its position in shares of ManpowerGroup by 26.9% during the 1st quarter. Meridian Wealth Management LLC now owns 2,640 shares of the business services provider’s stock worth $304,000 after purchasing an additional 560 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of ManpowerGroup by 1.8% during the 1st quarter. Mason Street Advisors LLC now owns 33,230 shares of the business services provider’s stock worth $3,825,000 after purchasing an additional 581 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of ManpowerGroup by 4.1% during the 1st quarter. Thrivent Financial for Lutherans now owns 14,991 shares of the business services provider’s stock worth $1,725,000 after purchasing an additional 597 shares during the last quarter. 92.74% of the stock is owned by 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's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.
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