ManpowerGroup Inc. (NYSE:MAN) – Stock analysts at Avondale Partners issued their Q3 2016 earnings per share estimates for shares of ManpowerGroup in a research note issued on Tuesday. Avondale Partners analyst R. Reece forecasts that the firm will post earnings of $1.70 per share for the quarter. Avondale Partners has a “Market Perform” rating and a $96.00 price objective on the stock.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.08. ManpowerGroup had a return on equity of 17.19% and a net margin of 2.23%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the business earned $1.33 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year.

Several other research firms also recently issued reports on MAN. Nomura restated a “buy” rating and set a $97.00 target price (down previously from $102.00) on shares of ManpowerGroup in a research report on Friday, July 22nd. Bank of America Corp. cut shares of ManpowerGroup from a “neutral” rating to an “underperform” rating in a report on Friday, June 24th. Macquarie assumed coverage on shares of ManpowerGroup in a report on Thursday, August 25th. They issued an “outperform” rating and a $86.00 price target on the stock. Barclays PLC cut shares of ManpowerGroup from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $85.00 to $65.00 in a report on Friday, July 1st. Finally, William Blair cut shares of ManpowerGroup from an “outperform” rating to a “market perform” rating in a report on Friday, June 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $82.83.

ManpowerGroup (NYSE:MAN) opened at 74.16 on Thursday. The company has a 50 day moving average price of $70.72 and a 200-day moving average price of $73.62. ManpowerGroup has a 52 week low of $57.26 and a 52 week high of $93.34. The company has a market capitalization of $5.08 billion, a P/E ratio of 12.68 and a beta of 1.83.

In other news, EVP Handel Michael J. Van sold 57,348 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $70.13, for a total transaction of $4,021,815.24. Following the transaction, the executive vice president now directly owns 40,931 shares of the company’s stock, valued at $2,870,491.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Handel Michael J. Van sold 31,855 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $69.77, for a total value of $2,222,523.35. Following the transaction, the executive vice president now directly owns 31,378 shares in the company, valued at $2,189,243.06. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC boosted its position in shares of ManpowerGroup by 33.1% in the first quarter. Aperio Group LLC now owns 68,809 shares of the company’s stock worth $5,602,000 after buying an additional 17,131 shares during the period. Nisa Investment Advisors L.L.C. boosted its position in shares of ManpowerGroup by 168.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 20,220 shares of the company’s stock worth $1,646,000 after buying an additional 12,700 shares during the period. Prudential Financial Inc. boosted its position in shares of ManpowerGroup by 8.8% in the first quarter. Prudential Financial Inc. now owns 410,402 shares of the company’s stock worth $33,415,000 after buying an additional 33,140 shares during the period. BlackRock Inc. boosted its position in shares of ManpowerGroup by 10.9% in the first quarter. BlackRock Inc. now owns 300,430 shares of the company’s stock worth $24,460,000 after buying an additional 29,560 shares during the period. Finally, BlackRock Group LTD boosted its position in shares of ManpowerGroup by 5.6% in the first quarter. BlackRock Group LTD now owns 732,142 shares of the company’s stock worth $59,610,000 after buying an additional 38,540 shares during the period. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

About ManpowerGroup

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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