$5.35 Billion in Sales Expected for ManpowerGroup Inc. (NYSE:MAN) This Quarter

Equities analysts expect that ManpowerGroup Inc. (NYSE:MAN) will report sales of $5.35 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for ManpowerGroup’s earnings. The lowest sales estimate is $5.32 billion and the highest is $5.39 billion. ManpowerGroup posted sales of $5.42 billion during the same quarter last year, which suggests a negative year over year growth rate of 1.3%. The company is scheduled to report its next earnings report on Friday, October 18th.

On average, analysts expect that ManpowerGroup will report full-year sales of $21.15 billion for the current year, with estimates ranging from $21.03 billion to $21.27 billion. For the next year, analysts anticipate that the business will report sales of $21.47 billion, with estimates ranging from $20.87 billion to $21.78 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover ManpowerGroup.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, July 19th. The business services provider reported $2.05 earnings per share for the quarter, topping the Thomson Reuters’ 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 return on equity of 19.19% and a net margin of 2.34%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.35 earnings per share.

Several brokerages recently commented on MAN. BMO Capital Markets upped their target price on ManpowerGroup to $93.00 and gave the company a “market perform” rating in a report on Monday, April 22nd. Royal Bank of Canada reduced their target price on ManpowerGroup from $114.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Credit Suisse Group cut ManpowerGroup from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $88.00 to $83.00 in a report on Wednesday, July 10th. Bank of America reduced their target price on ManpowerGroup from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, ValuEngine upgraded ManpowerGroup from a “sell” rating to a “hold” rating in a report on Friday, April 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $93.30.

MAN stock traded down $1.68 during trading on Thursday, hitting $89.67. The company had a trading volume of 534,905 shares, compared to its average volume of 589,769. The stock has a 50-day moving average price of $92.81. ManpowerGroup has a one year low of $61.57 and a one year high of $97.96. The firm has a market cap of $5.49 billion, a PE ratio of 10.02, a PEG ratio of 3.86 and a beta of 1.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.43 and a current ratio of 1.46.

Institutional investors have recently bought and sold shares of the business. CWM LLC boosted its holdings in shares of ManpowerGroup by 114.4% during the 2nd quarter. CWM LLC now owns 373 shares of the business services provider’s stock worth $36,000 after buying an additional 199 shares in the last quarter. Destination Wealth Management bought a new position in shares of ManpowerGroup during the 2nd quarter worth approximately $58,000. Machina Capital S.A.S. boosted its holdings in shares of ManpowerGroup by 273.5% during the 2nd quarter. Machina Capital S.A.S. now owns 1,042 shares of the business services provider’s stock worth $101,000 after buying an additional 763 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of ManpowerGroup during the 1st quarter worth approximately $123,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of ManpowerGroup by 162.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,455 shares of the business services provider’s stock worth $141,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

About ManpowerGroup

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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