$5.00 Billion in Sales Expected for ManpowerGroup Inc. (NYSE:MAN) This Quarter


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Wall Street brokerages forecast that ManpowerGroup Inc. (NYSE:MAN) will announce $5.00 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for ManpowerGroup’s earnings, with the lowest sales estimate coming in at $4.65 billion and the highest estimate coming in at $5.20 billion. ManpowerGroup posted sales of $3.74 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 33.7%. The company is scheduled to issue its next quarterly earnings report on Monday, July 19th.

On average, analysts expect that ManpowerGroup will report full year sales of $20.53 billion for the current year, with estimates ranging from $20.25 billion to $20.77 billion. For the next year, analysts forecast that the business will post sales of $21.83 billion, with estimates ranging from $21.36 billion to $22.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow ManpowerGroup.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Monday, April 19th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.44. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.66 billion. ManpowerGroup had a net margin of 0.47% and a return on equity of 9.72%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS.

MAN has been the subject of several recent research reports. Truist boosted their price objective on ManpowerGroup from $120.00 to $130.00 in a report on Wednesday, April 21st. Bank of America raised ManpowerGroup from a “neutral” rating to a “buy” rating in a report on Wednesday, February 3rd. Argus raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Wednesday, February 10th. TheStreet raised ManpowerGroup from a “c+” rating to a “b-” rating in a research note on Tuesday, February 2nd. Finally, Barclays upped their price target on ManpowerGroup from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $103.00.

NYSE:MAN traded down $1.17 on Tuesday, hitting $122.06. 612,525 shares of the stock were exchanged, compared to its average volume of 413,748. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 84.76, a P/E/G ratio of 4.82 and a beta of 2.07. ManpowerGroup has a 52 week low of $61.12 and a 52 week high of $124.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.48. The company’s 50-day moving average price is $107.73 and its 200 day moving average price is $93.76.

In other ManpowerGroup news, CFO John T. Mcginnis sold 10,000 shares of the firm’s stock in a transaction on Friday, April 16th. The stock was sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief financial officer now owns 12,343 shares of the company’s stock, valued at approximately $1,359,704.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard Buchband sold 5,541 shares of the firm’s stock in a transaction on Monday, April 12th. The shares were sold at an average price of $105.47, for a total value of $584,409.27. Following the sale, the senior vice president now directly owns 10,687 shares of the company’s stock, valued at approximately $1,127,157.89. The disclosure for this sale can be found here. Corporate insiders own 1.29% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. lifted its holdings in ManpowerGroup by 30.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 134,276 shares of the business services provider’s stock valued at $12,109,000 after purchasing an additional 31,063 shares during the last quarter. Sei Investments Co. increased its position in ManpowerGroup by 18.6% during the 3rd quarter. Sei Investments Co. now owns 56,099 shares of the business services provider’s stock worth $4,124,000 after buying an additional 8,814 shares during the period. Los Angeles Capital Management LLC increased its position in ManpowerGroup by 45.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 125,256 shares of the business services provider’s stock worth $11,296,000 after buying an additional 39,023 shares during the period. Aperio Group LLC increased its position in ManpowerGroup by 18.0% during the 4th quarter. Aperio Group LLC now owns 88,578 shares of the business services provider’s stock worth $7,988,000 after buying an additional 13,499 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in ManpowerGroup during the 1st quarter worth $9,558,000. 93.00% of the stock is owned by institutional investors and hedge funds.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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Earnings History and Estimates for ManpowerGroup (NYSE:MAN)

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