ManpowerGroup (NYSE:MAN) Shares Down 6.2%

ManpowerGroup Inc. (NYSE:MAN)’s share price dropped 6.2% during mid-day trading on Thursday . The stock traded as low as $86.66 and last traded at $87.24, approximately 1,099,055 shares traded hands during mid-day trading. An increase of 89% from the average daily volume of 582,489 shares. The stock had previously closed at $93.00.

MAN has been the topic of several recent research reports. Royal Bank of Canada initiated coverage on Robert Half International in a report on Tuesday, April 16th. They issued a “sector perform” rating on the stock. Zacks Investment Research cut GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 2nd. ValuEngine upgraded Alleghany from a “hold” rating to a “buy” rating in a report on Friday, April 19th. BMO Capital Markets set a $44.00 price target on Schlumberger and gave the company a “hold” rating in a report on Monday, April 22nd. Finally, Credit Suisse Group initiated coverage on LTC Properties in a report on Wednesday. They issued an “underperform” rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $94.18.

The business’s 50 day moving average price is $92.03. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.75 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 3.93 and a beta of 1.57.



ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, April 18th. The business services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. ManpowerGroup had a return on equity of 20.08% and a net margin of 2.39%. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. As a group, research analysts expect that ManpowerGroup Inc. will post 7.84 earnings per share for the current year.

The firm also recently declared a semiannual dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a dividend yield of 2.43%. This is a positive change from ManpowerGroup’s previous semiannual dividend of $1.01. ManpowerGroup’s dividend payout ratio (DPR) is currently 24.36%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empirical Finance LLC grew its holdings in shares of ManpowerGroup by 0.9% during the second quarter. Empirical Finance LLC now owns 29,236 shares of the business services provider’s stock worth $2,824,000 after buying an additional 252 shares in the last quarter. DNB Asset Management AS bought a new position in shares of ManpowerGroup during the second quarter worth about $3,178,000. Pensionfund Sabic bought a new position in shares of ManpowerGroup during the second quarter worth about $1,546,000. Pensionfund DSM Netherlands bought a new position in shares of ManpowerGroup during the second quarter worth about $2,318,000. Finally, FMR LLC grew its holdings in shares of ManpowerGroup by 2.1% during the first quarter. FMR LLC now owns 682,407 shares of the business services provider’s stock worth $56,428,000 after buying an additional 13,803 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

About ManpowerGroup (NYSE:MAN)

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.

Further Reading: Capital Gains

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