ManpowerGroup (NYSE:MAN) Releases Q3 2019 Earnings Guidance

ManpowerGroup (NYSE:MAN) issued an update on its third quarter 2019 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.93-2.01 for the period, compared to the Thomson Reuters consensus estimate of $2.20. ManpowerGroup also updated its Q3 guidance to $1.88-1.96 EPS.

Shares of NYSE:MAN traded up $0.03 on Friday, reaching $90.21. 1,370,803 shares of the company’s stock were exchanged, compared to its average volume of 559,790. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 3.68 and a beta of 1.57. ManpowerGroup has a fifty-two week low of $61.57 and a fifty-two week high of $97.96. The business has a 50-day simple moving average of $91.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.43 and a quick ratio of 1.43.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Friday, July 19th. The business services provider reported $2.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.06. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a net margin of 2.39% and a return on equity of 20.08%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.35 earnings per share. Sell-side analysts anticipate that ManpowerGroup will post 7.85 EPS for the current year.

MAN has been the topic of a number of research reports. BMO Capital Markets set a $44.00 target price on shares of Schlumberger and gave the stock a hold rating in a report on Monday, April 22nd. ValuEngine raised shares of Alleghany from a hold rating to a buy rating in a report on Friday, April 19th. Royal Bank of Canada initiated coverage on shares of Robert Half International in a report on Tuesday, April 16th. They set a sector perform rating on the stock. Credit Suisse Group initiated coverage on shares of LTC Properties in a report on Wednesday, July 10th. They set an underperform rating and a $19.00 target price on the stock. Finally, Zacks Investment Research cut shares of GasLog Partners LP Unit from a hold rating to a strong sell rating in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $94.18.

ManpowerGroup Company Profile

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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Earnings History and Estimates for ManpowerGroup (NYSE:MAN)

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