ManpowerGroup Inc. (NYSE:MAN) – Research analysts at William Blair upped their Q3 2016 earnings per share (EPS) estimates for shares of ManpowerGroup in a report released on Tuesday. William Blair analyst T. Mchugh now expects that the firm will post earnings of $1.72 per share for the quarter, up from their previous estimate of $1.70. William Blair has a “Market Perform” rating on the stock.
Several other research firms have also issued reports on MAN. Nomura restated a “buy” rating and set a $97.00 price target (down previously from $102.00) on shares of ManpowerGroup in a report on Friday, July 22nd. Bank of America Corp. lowered shares of ManpowerGroup from a “neutral” rating to an “underperform” rating in a report on Friday, June 24th. Macquarie started coverage on shares of ManpowerGroup in a report on Thursday, August 25th. They set an “outperform” rating and a $86.00 price target for the company. Barclays PLC lowered shares of ManpowerGroup from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $85.00 to $65.00 in a report on Friday, July 1st. Finally, Zacks Investment Research lowered shares of ManpowerGroup from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $82.83.
Shares of ManpowerGroup (NYSE:MAN) traded up 1.191% on Wednesday, reaching $72.625. 152,630 shares of the company traded hands. The firm has a 50-day moving average price of $71.03 and a 200 day moving average price of $73.11. The company has a market capitalization of $4.98 billion, a PE ratio of 12.415 and a beta of 1.83. ManpowerGroup has a one year low of $57.26 and a one year high of $93.34.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, July 21st. The company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.08. ManpowerGroup had a net margin of 2.23% and a return on equity of 17.19%. The business earned $5 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of MAN. Acrospire Investment Management LLC increased its position in shares of ManpowerGroup by 124.9% in the second quarter. Acrospire Investment Management LLC now owns 1,799 shares of the company’s stock worth $116,000 after buying an additional 999 shares during the period. MSI Financial Services Inc increased its position in shares of ManpowerGroup by 208.7% in the third quarter. MSI Financial Services Inc now owns 1,627 shares of the company’s stock worth $118,000 after buying an additional 1,100 shares during the period. PineBridge Investments L.P. bought a new position in shares of ManpowerGroup during the second quarter worth $156,000. Tower Research Capital LLC TRC bought a new position in shares of ManpowerGroup during the second quarter worth $192,000. Finally, Nuveen Fund Advisors LLC bought a new position in shares of ManpowerGroup during the second quarter worth $202,000. 94.88% of the stock is currently owned by hedge funds and other institutional investors.
In other ManpowerGroup news, EVP Handel Michael J. Van sold 57,348 shares of ManpowerGroup stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $70.13, for a total transaction of $4,021,815.24. Following the transaction, the executive vice president now directly owns 40,931 shares of the company’s stock, valued at approximately $2,870,491.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Handel Michael J. Van sold 31,855 shares of ManpowerGroup stock in a transaction on Friday, July 29th. The stock was sold at an average price of $69.77, for a total transaction of $2,222,523.35. Following the transaction, the executive vice president now directly owns 31,378 shares in the company, valued at $2,189,243.06. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
ManpowerGroup Company Profile
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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