Wall Street analysts expect ManpowerGroup Inc. (NYSE:MAN) to report sales of $5.43 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for ManpowerGroup’s earnings. The highest sales estimate is $5.46 billion and the lowest is $5.39 billion. ManpowerGroup posted sales of $5.66 billion during the same quarter last year, which would indicate a negative year over year growth rate of 4.1%. The firm is expected to announce its next earnings report on Friday, July 19th.
According to Zacks, analysts expect that ManpowerGroup will report full year sales of $21.36 billion for the current year, with estimates ranging from $21.19 billion to $21.50 billion. For the next financial year, analysts forecast that the business will report sales of $22.02 billion, with estimates ranging from $21.68 billion to $22.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover ManpowerGroup.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, April 18th. The business services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $5 billion. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.72 earnings per share.
Shares of NYSE MAN traded down $0.71 during trading hours on Friday, reaching $91.29. The stock had a trading volume of 378,300 shares, compared to its average volume of 578,552. The company has a current ratio of 1.43, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 3.80 and a beta of 1.55. ManpowerGroup has a twelve month low of $61.57 and a twelve month high of $97.26.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be issued a dividend of $1.09 per share. The ex-dividend date is Friday, May 31st. This is an increase from ManpowerGroup’s previous semiannual dividend of $1.01. This represents a dividend yield of 2.43%. ManpowerGroup’s dividend payout ratio (DPR) is presently 22.57%.
In related news, EVP Sriram Chandrashekar sold 14,706 shares of ManpowerGroup stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $84.90, for a total transaction of $1,248,539.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,750 shares of ManpowerGroup stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $85.40, for a total value of $149,450.00. Following the sale, the director now directly owns 8,036 shares of the company’s stock, valued at $686,274.40. The disclosure for this sale can be found here. 1.49% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its holdings in ManpowerGroup by 6,258.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,212,136 shares of the business services provider’s stock worth $50,000 after purchasing an additional 3,161,617 shares during the last quarter. LSV Asset Management raised its holdings in ManpowerGroup by 4.4% in the 1st quarter. LSV Asset Management now owns 1,907,255 shares of the business services provider’s stock valued at $157,710,000 after acquiring an additional 79,792 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in ManpowerGroup by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,622,318 shares of the business services provider’s stock valued at $134,145,000 after acquiring an additional 29,853 shares in the last quarter. Victory Capital Management Inc. raised its holdings in ManpowerGroup by 4,521.4% in the 1st quarter. Victory Capital Management Inc. now owns 1,403,200 shares of the business services provider’s stock valued at $116,031,000 after acquiring an additional 1,372,837 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in ManpowerGroup by 5.3% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,039,400 shares of the business services provider’s stock valued at $85,948,000 after acquiring an additional 52,700 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.
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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