Zacks: Brokerages Expect ManpowerGroup Inc. (NYSE:MAN) to Announce $1.96 EPS

Wall Street brokerages expect that ManpowerGroup Inc. (NYSE:MAN) will report earnings per share of $1.96 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for ManpowerGroup’s earnings, with the lowest EPS estimate coming in at $1.91 and the highest estimate coming in at $2.10. ManpowerGroup posted earnings per share of $2.47 in the same quarter last year, which suggests a negative year over year growth rate of 20.6%. The firm is scheduled to report its next quarterly earnings report on Friday, October 18th.

According to Zacks, analysts expect that ManpowerGroup will report full year earnings of $7.55 per share for the current year, with EPS estimates ranging from $7.47 to $7.72. For the next year, analysts expect that the business will report earnings of $8.06 per share, with EPS estimates ranging from $7.90 to $8.28. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow ManpowerGroup.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Friday, July 19th. The business services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.06. ManpowerGroup had a net margin of 2.34% and a return on equity of 19.19%. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter last year, the company earned $2.35 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis.



A number of research firms have weighed in on MAN. Royal Bank of Canada cut their price objective on shares of ManpowerGroup from $114.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Bank of America cut their price objective on shares of ManpowerGroup from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. JPMorgan Chase & Co. raised their price objective on shares of ManpowerGroup from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. BMO Capital Markets raised their price objective on shares of ManpowerGroup to $93.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. Finally, Credit Suisse Group cut shares of ManpowerGroup from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $88.00 to $83.00 in a report on Wednesday, July 10th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $93.30.

MAN stock traded down $1.12 during midday trading on Thursday, reaching $84.58. 4,080 shares of the company were exchanged, compared to its average volume of 460,081. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.46 and a current ratio of 1.46. ManpowerGroup has a 1-year low of $61.57 and a 1-year high of $97.96. The stock’s 50-day simple moving average is $90.27 and its 200 day simple moving average is $88.38. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 3.57 and a beta of 1.55.

ManpowerGroup declared that its Board of Directors has approved a share repurchase plan on Friday, August 2nd that allows the company to repurchase 6,000,000 outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in ManpowerGroup by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,592,465 shares of the business services provider’s stock worth $103,194,000 after buying an additional 75,824 shares in the last quarter. FMR LLC raised its position in ManpowerGroup by 75.2% during the fourth quarter. FMR LLC now owns 668,604 shares of the business services provider’s stock worth $43,326,000 after acquiring an additional 287,019 shares during the period. Retirement Systems of Alabama raised its position in ManpowerGroup by 2.4% during the first quarter. Retirement Systems of Alabama now owns 158,597 shares of the business services provider’s stock worth $13,114,000 after acquiring an additional 3,648 shares during the period. Meeder Asset Management Inc. raised its position in ManpowerGroup by 425.7% during the first quarter. Meeder Asset Management Inc. now owns 12,155 shares of the business services provider’s stock worth $1,005,000 after acquiring an additional 9,843 shares during the period. Finally, BB&T Corp raised its position in ManpowerGroup by 1.9% during the first quarter. BB&T Corp now owns 11,379 shares of the business services provider’s stock worth $941,000 after acquiring an additional 214 shares during the period. 91.99% of the stock is currently owned by institutional investors and hedge funds.

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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