ManpowerGroup Inc. (NYSE:MAN) – Northcoast Research reduced their Q2 2019 earnings estimates for shares of ManpowerGroup in a research report issued to clients and investors on Monday, April 22nd. Northcoast Research analyst J. Healy now expects that the business services provider will post earnings of $2.00 per share for the quarter, down from their previous forecast of $2.07. Northcoast Research also issued estimates for ManpowerGroup’s Q3 2019 earnings at $2.07 EPS, Q4 2019 earnings at $2.28 EPS and FY2020 earnings at $8.15 EPS.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, April 18th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.04. ManpowerGroup had a net margin of 2.39% and a return on equity of 20.08%. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5 billion. During the same quarter last year, the company posted $1.72 earnings per share. The firm’s revenue was down 8.6% compared to the same quarter last year.

A number of other research firms have also recently weighed in on MAN. ValuEngine cut shares of ManpowerGroup from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. BMO Capital Markets cut shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $83.00 to $81.00 in a report on Friday, February 1st. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th. Royal Bank of Canada started coverage on shares of ManpowerGroup in a report on Tuesday, April 16th. They issued an “outperform” rating and a $114.00 price objective for the company. Finally, Zacks Investment Research cut shares of ManpowerGroup from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. ManpowerGroup currently has an average rating of “Hold” and a consensus price target of $98.50.

Shares of ManpowerGroup stock opened at $97.16 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.43 and a quick ratio of 1.44. ManpowerGroup has a 1 year low of $61.57 and a 1 year high of $100.89. The firm has a market cap of $5.83 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 4.07 and a beta of 1.50.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its position in shares of ManpowerGroup by 6,258.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,212,136 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 3,161,617 shares during the period. LSV Asset Management grew its position in shares of ManpowerGroup by 5.5% in the fourth quarter. LSV Asset Management now owns 1,827,463 shares of the business services provider’s stock valued at $118,419,000 after purchasing an additional 94,867 shares during the period. Dimensional Fund Advisors LP grew its position in shares of ManpowerGroup by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,592,465 shares of the business services provider’s stock valued at $103,194,000 after purchasing an additional 75,824 shares during the period. Bank of New York Mellon Corp grew its position in shares of ManpowerGroup by 10.0% in the fourth quarter. Bank of New York Mellon Corp now owns 914,587 shares of the business services provider’s stock valued at $59,265,000 after purchasing an additional 82,946 shares during the period. Finally, Two Sigma Advisers LP grew its position in shares of ManpowerGroup by 8.9% in the fourth quarter. Two Sigma Advisers LP now owns 827,574 shares of the business services provider’s stock valued at $53,627,000 after purchasing an additional 67,381 shares during the period. Institutional investors and hedge funds own 91.99% of the company’s stock.

In other ManpowerGroup news, SVP Richard Buchband sold 3,471 shares of ManpowerGroup stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $83.15, for a total value of $288,613.65. Following the completion of the transaction, the senior vice president now owns 4,986 shares of the company’s stock, valued at $414,585.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sriram Chandrashekar sold 14,706 shares of ManpowerGroup stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $84.90, for a total transaction of $1,248,539.40. The disclosure for this sale can be found here. Insiders sold 19,927 shares of company stock valued at $1,686,603 in the last ninety days. 1.49% of the stock is owned by corporate insiders.

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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