Equities research analysts expect that ManpowerGroup Inc. (NYSE:MAN) will post sales of $5.80 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for ManpowerGroup’s earnings. The highest sales estimate is $5.85 billion and the lowest is $5.75 billion. ManpowerGroup posted sales of $5.64 billion in the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The firm is scheduled to announce its next earnings report on Friday, October 19th.

According to Zacks, analysts expect that ManpowerGroup will report full-year sales of $22.59 billion for the current financial year, with estimates ranging from $22.56 billion to $22.64 billion. For the next financial year, analysts forecast that the firm will report sales of $23.32 billion, with estimates ranging from $23.10 billion to $23.47 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover ManpowerGroup.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Friday, October 19th. The business services provider reported $2.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.02. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.64 billion. ManpowerGroup had a net margin of 2.67% and a return on equity of 19.37%. ManpowerGroup’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 earnings per share.

A number of research firms recently weighed in on MAN. ValuEngine raised shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 26th. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 23rd. SunTrust Banks reissued a “hold” rating and set a $100.00 price target on shares of ManpowerGroup in a research note on Monday, July 23rd. Credit Suisse Group began coverage on shares of ManpowerGroup in a research note on Friday, August 10th. They set an “outperform” rating and a $115.00 price target for the company. Finally, BMO Capital Markets dropped their price target on shares of ManpowerGroup from $107.00 to $96.00 and set an “outperform” rating for the company in a research note on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. ManpowerGroup has an average rating of “Hold” and a consensus target price of $111.18.

MAN opened at $75.39 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.37. The company has a market cap of $4.89 billion, a P/E ratio of 8.71 and a beta of 1.19. ManpowerGroup has a fifty-two week low of $71.79 and a fifty-two week high of $136.93.

ManpowerGroup declared that its Board of Directors has initiated a share buyback plan on Friday, August 3rd that permits the company to buyback 6,000,000 shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, Director Ulice Payne, Jr. sold 1,350 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $89.43, for a total transaction of $120,730.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mara E. Swan sold 11,192 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $93.77, for a total transaction of $1,049,473.84. Following the transaction, the executive vice president now owns 13,493 shares of the company’s stock, valued at approximately $1,265,238.61. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MAN. BlackRock Inc. grew its holdings in ManpowerGroup by 6.5% during the second quarter. BlackRock Inc. now owns 8,070,128 shares of the business services provider’s stock valued at $694,518,000 after purchasing an additional 491,423 shares during the period. Millennium Management LLC grew its holdings in ManpowerGroup by 60.2% during the second quarter. Millennium Management LLC now owns 721,615 shares of the business services provider’s stock valued at $62,102,000 after purchasing an additional 271,058 shares during the period. Renaissance Technologies LLC acquired a new position in ManpowerGroup during the second quarter valued at approximately $15,986,000. Natixis grew its holdings in ManpowerGroup by 982.6% during the second quarter. Natixis now owns 181,126 shares of the business services provider’s stock valued at $15,588,000 after purchasing an additional 164,395 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in ManpowerGroup by 29.8% during the second quarter. Wells Fargo & Company MN now owns 655,953 shares of the business services provider’s stock valued at $56,451,000 after purchasing an additional 150,427 shares during the period. Hedge funds and other institutional investors own 91.65% of the company’s stock.

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'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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