FY2017 EPS Estimates for ManpowerGroup (MAN) Increased by Analyst
ManpowerGroup (NYSE:MAN) – Analysts at William Blair upped their FY2017 earnings per share estimates for ManpowerGroup in a report released on Thursday. William Blair analyst T. Mchugh now expects that the brokerage will earn $6.72 per share for the year, up from their prior forecast of $6.39.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Friday. BMO Capital Markets reaffirmed a “buy” rating and set a $97.00 price target on shares of ManpowerGroup in a report on Monday. Finally, Deutsche Bank AG set a $77.00 price target on ManpowerGroup and gave the stock a “hold” rating in a report on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. ManpowerGroup has an average rating of “Hold” and an average price target of $86.42.
Shares of ManpowerGroup (NYSE:MAN) traded up 0.83% during midday trading on Friday, reaching $92.52. 198,471 shares of the company traded hands. The stock has a market capitalization of $6.20 billion, a P/E ratio of 15.19 and a beta of 1.59. The stock’s 50-day moving average is $89.68 and its 200-day moving average is $76.12. ManpowerGroup has a 1-year low of $57.26 and a 1-year high of $93.00.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, October 21st. The company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.71 by $0.16. The company earned $5.10 billion during the quarter, compared to analyst estimates of $4.99 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.00%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its position in shares of ManpowerGroup by 124.9% in the second quarter. Acrospire Investment Management LLC now owns 1,799 shares of the company’s stock worth $116,000 after buying an additional 999 shares in the last quarter. MSI Financial Services Inc boosted its position in shares of ManpowerGroup by 208.7% in the third quarter. MSI Financial Services Inc now owns 1,627 shares of the company’s stock worth $118,000 after buying an additional 1,100 shares in the last quarter. PineBridge Investments L.P. purchased a new position in shares of ManpowerGroup during the second quarter worth $156,000. Tower Research Capital LLC TRC purchased a new position in shares of ManpowerGroup during the second quarter worth $192,000. Finally, Zacks Investment Management purchased a new position in shares of ManpowerGroup during the third quarter worth $201,000. Institutional investors and hedge funds own 92.40% of the company’s stock.
In other news, EVP Mara E. Swan sold 24,575 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $78.98, for a total value of $1,940,933.50. Following the completion of the transaction, the executive vice president now owns 43,932 shares in the company, valued at $3,469,749.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Richard Buchband sold 2,026 shares of the firm’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $82.00, for a total value of $166,132.00. Following the completion of the transaction, the senior vice president now owns 2,438 shares of the company’s stock, valued at approximately $199,916. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a $0.86 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.75%. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.80. ManpowerGroup’s dividend payout ratio (DPR) is currently 28.15%.
ManpowerGroup Company Profile
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.
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