ManpowerGroup (NYSE:MAN) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Royal Bank Of Canada restated a “hold” rating and issued a $101.00 price target on shares of ManpowerGroup in a research note on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $88.27.
ManpowerGroup (MAN) traded down 1.12% during trading on Tuesday, hitting $108.27. 174,454 shares of the stock were exchanged. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 16.86 and a beta of 1.38. ManpowerGroup has a 1-year low of $57.26 and a 1-year high of $109.70. The company has a 50-day moving average price of $103.52 and a 200 day moving average price of $98.15.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, April 21st. The business services provider reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.02. The firm had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.69 billion. ManpowerGroup had a return on equity of 17.72% and a net margin of 2.25%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share. Equities analysts predict that ManpowerGroup will post $6.57 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a $0.93 dividend. This represents a yield of 1.8%. This is an increase from ManpowerGroup’s previous semiannual dividend of $0.86. The ex-dividend date of this dividend was Tuesday, May 30th. ManpowerGroup’s dividend payout ratio is presently 28.93%.
In other news, SVP Richard Buchband sold 1,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.00, for a total transaction of $103,000.00. Following the completion of the transaction, the senior vice president now directly owns 5,134 shares in the company, valued at approximately $528,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in ManpowerGroup during the first quarter worth approximately $101,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in ManpowerGroup by 31.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,255 shares of the business services provider’s stock worth $129,000 after buying an additional 300 shares in the last quarter. Parametrica Management Ltd purchased a new position in ManpowerGroup during the first quarter worth approximately $201,000. Curbstone Financial Management Corp purchased a new position in ManpowerGroup during the first quarter worth approximately $205,000. Finally, Papp L Roy & Associates purchased a new position in ManpowerGroup during the first quarter worth approximately $205,000. Hedge funds and other institutional investors own 95.38% 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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