Q3 2016 Earnings Estimate for ManpowerGroup Inc. Issued By Northcoast Research (MAN)
ManpowerGroup Inc. (NYSE:MAN) – Equities research analysts at Northcoast Research raised their Q3 2016 earnings per share (EPS) estimates for ManpowerGroup in a report issued on Tuesday. Northcoast Research analyst J. Healy now forecasts that the firm will post earnings per share of $1.77 for the quarter, up from their previous forecast of $1.73.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.60 earnings per share for the quarter, beating the 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 firm earned $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the business posted $1.33 EPS. ManpowerGroup’s quarterly revenue was up 3.3% on a year-over-year basis.
A number of other brokerages also recently commented on MAN. Bank of America Corp. downgraded ManpowerGroup from a “neutral” rating to an “underperform” rating in a research note on Friday, June 24th. William Blair downgraded ManpowerGroup from an “outperform” rating to a “market perform” rating in a research note on Friday, June 24th. Zacks Investment Research downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Monday. Piper Jaffray Cos. restated an “overweight” rating and issued a $85.00 target price on shares of ManpowerGroup in a research note on Friday, August 26th. Finally, Macquarie initiated coverage on ManpowerGroup in a research report on Thursday, August 25th. They set an “outperform” rating and a $86.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $82.83.
ManpowerGroup (NYSE:MAN) traded up 1.191% during trading on Wednesday, reaching $72.625. The company had a trading volume of 152,630 shares. ManpowerGroup has a 52-week low of $57.26 and a 52-week high of $93.34. The firm has a market capitalization of $4.98 billion, a P/E ratio of 12.415 and a beta of 1.83. The company has a 50-day moving average of $71.03 and a 200-day moving average of $73.11.
In other ManpowerGroup news, EVP Handel Michael J. Van sold 57,348 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $70.13, for a total transaction of $4,021,815.24. Following the sale, the executive vice president now directly owns 40,931 shares of the company’s stock, valued at approximately $2,870,491.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Handel Michael J. Van sold 31,855 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $69.77, for a total transaction of $2,222,523.35. Following the sale, 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. 1.60% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in shares of ManpowerGroup during the second quarter valued at about $13,946,000. Daiwa Securities Group Inc. increased its stake in shares of ManpowerGroup by 194.4% in the second quarter. Daiwa Securities Group Inc. now owns 5,300 shares of the company’s stock valued at $341,000 after buying an additional 3,500 shares during the period. Geode Capital Management LLC increased its stake in shares of ManpowerGroup by 3.5% in the first quarter. Geode Capital Management LLC now owns 460,817 shares of the company’s stock valued at $37,501,000 after buying an additional 15,743 shares during the period. Cambiar Investors LLC increased its stake in shares of ManpowerGroup by 5.0% in the second quarter. Cambiar Investors LLC now owns 771,338 shares of the company’s stock valued at $49,628,000 after buying an additional 36,584 shares during the period. Finally, Natixis purchased a new stake in shares of ManpowerGroup during the first quarter valued at about $16,911,000. 94.88% of the stock is currently owned by institutional investors.
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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