Equities analysts expect that ManpowerGroup Inc. (NYSE:MAN) will announce $5.35 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for ManpowerGroup’s earnings. The highest sales estimate is $5.39 billion and the lowest is $5.32 billion. ManpowerGroup reported sales of $5.42 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.3%. The company is expected to announce its next quarterly earnings results on Friday, October 18th.
On average, analysts expect that ManpowerGroup will report full-year sales of $21.15 billion for the current financial year, with estimates ranging from $21.03 billion to $21.27 billion. For the next year, analysts anticipate that the business will post sales of $21.47 billion, with estimates ranging from $20.87 billion to $21.78 billion. Zacks’ sales averages are an average based on a survey of analysts that follow ManpowerGroup.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Friday, July 19th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.06. ManpowerGroup had a net margin of 2.34% and a return on equity of 19.19%. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same period in the previous year, the business earned $2.35 EPS. The company’s revenue was down 5.0% compared to the same quarter last year.
MAN stock traded down $0.24 during midday trading on Friday, hitting $84.73. The company’s stock had a trading volume of 174,751 shares, compared to its average volume of 565,750. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.46 and a quick ratio of 1.46. ManpowerGroup has a twelve month low of $61.57 and a twelve month high of $97.96. The company’s fifty day moving average price is $89.82 and its 200 day moving average price is $88.44. The stock has a market capitalization of $5.13 billion, a P/E ratio of 9.47, a PEG ratio of 3.60 and a beta of 1.55.
ManpowerGroup announced that its Board of Directors has approved a stock repurchase program on Friday, August 2nd that authorizes the company to buyback 6,000,000 shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
In related news, EVP Mara E. Swan sold 14,871 shares of ManpowerGroup stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $84.48, for a total transaction of $1,256,302.08. Following the completion of the sale, the executive vice president now owns 7,228 shares of the company’s stock, valued at approximately $610,621.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.49% of the company’s stock.
Several hedge funds have recently made changes to their positions in MAN. Parallel Advisors LLC boosted its holdings in shares of ManpowerGroup by 144.4% during the 2nd quarter. Parallel Advisors LLC now owns 352 shares of the business services provider’s stock worth $34,000 after buying an additional 208 shares during the period. CWM LLC boosted its holdings in ManpowerGroup by 114.4% in the 2nd quarter. CWM LLC now owns 373 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 199 shares during the period. Destination Wealth Management bought a new stake in ManpowerGroup in the 2nd quarter valued at about $58,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in ManpowerGroup in the 2nd quarter valued at about $95,000. Finally, Machina Capital S.A.S. boosted its holdings in ManpowerGroup by 273.5% in the 2nd quarter. Machina Capital S.A.S. now owns 1,042 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 763 shares during the period. 91.99% 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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