ManpowerGroup (MAN) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS
ManpowerGroup (NYSE:MAN) posted its earnings results on Friday. The business services provider reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.07, Bloomberg Earnings reports. The company had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.42 billion. ManpowerGroup had a return on equity of 17.86% and a net margin of 2.59%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. ManpowerGroup updated its Q2 guidance to $2.33-2.41 EPS.
Shares of MAN stock opened at $101.47 on Friday. ManpowerGroup has a 12-month low of $97.88 and a 12-month high of $136.93. The company has a market capitalization of $6,713.36, a P/E ratio of 13.18 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.28 and a quick ratio of 1.28.
Several equities analysts have recently commented on MAN shares. BMO Capital Markets reaffirmed a “buy” rating and set a $120.00 target price on shares of ManpowerGroup in a report on Friday. ValuEngine raised ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Thursday, January 11th. Argus upped their target price on ManpowerGroup from $120.23 to $138.00 and gave the company a “buy” rating in a report on Thursday, March 8th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $122.60.
A number of hedge funds have recently modified their holdings of MAN. Schroder Investment Management Group bought a new position in ManpowerGroup in the 4th quarter worth approximately $113,000. National Pension Service bought a new position in ManpowerGroup in the 4th quarter worth approximately $165,000. Tower Research Capital LLC TRC grew its holdings in ManpowerGroup by 678.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock worth $171,000 after buying an additional 1,180 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in ManpowerGroup in the 4th quarter worth approximately $202,000. Finally, Squar Milner Financial Services LLC bought a new position in ManpowerGroup in the 4th quarter worth approximately $277,000. 94.31% of the stock is owned by institutional investors and hedge funds.
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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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