Q1 2018 EPS Estimates for ManpowerGroup Inc. (MAN) Boosted by William Blair
ManpowerGroup Inc. (NYSE:MAN) – Research analysts at William Blair upped their Q1 2018 earnings per share (EPS) estimates for ManpowerGroup in a research report issued on Tuesday. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings per share of $1.70 for the quarter, up from their previous forecast of $1.49. William Blair also issued estimates for ManpowerGroup’s Q2 2018 earnings at $2.35 EPS and FY2019 earnings at $8.93 EPS.
Several other analysts have also recently issued reports on the stock. SunTrust Banks restated a “hold” rating and set a $107.00 target price on shares of ManpowerGroup in a research report on Friday, October 20th. Credit Suisse Group restated a “neutral” rating and set a $126.00 target price (up from $111.00) on shares of ManpowerGroup in a research report on Monday, October 23rd. Zacks Investment Research cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Nomura upped their target price on shares of ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Argus upped their target price on shares of ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $125.25.
Shares of ManpowerGroup (NYSE:MAN) traded up $0.76 during midday trading on Thursday, hitting $129.90. 479,400 shares of the stock traded hands, compared to its average volume of 333,938. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $8,630.00, a PE ratio of 19.36 and a beta of 1.45. ManpowerGroup has a 52-week low of $90.57 and a 52-week high of $131.99.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.08. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 EPS.
Hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC grew its stake in ManpowerGroup by 27.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock worth $103,000 after acquiring an additional 200 shares in the last quarter. Harfst & Associates Inc. bought a new position in ManpowerGroup in the 2nd quarter worth about $149,000. Aviance Capital Management LLC bought a new position in ManpowerGroup in the 2nd quarter worth about $200,000. Calamos Advisors LLC bought a new position in ManpowerGroup in the 3rd quarter worth about $203,000. Finally, Bank of Hawaii bought a new position in ManpowerGroup in the 3rd quarter worth about $207,000. Institutional investors and hedge funds own 94.44% of the company’s stock.
In other ManpowerGroup news, EVP Mara E. Swan sold 6,731 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $123.19, for a total value of $829,191.89. Following the transaction, the executive vice president now directly owns 31,416 shares in the company, valued at approximately $3,870,137.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gina Boswell sold 7,725 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $123.96, for a total transaction of $957,591.00. Following the completion of the transaction, the director now owns 6,601 shares in the company, valued at $818,259.96. The disclosure for this sale can be found here. Insiders have sold a total of 30,015 shares of company stock worth $3,762,970 over the last quarter. 0.87% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.86%. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Thursday, November 30th. ManpowerGroup’s dividend payout ratio is presently 27.72%.
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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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