ManpowerGroup (MAN) Releases Q1 2019 Earnings Guidance

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ManpowerGroup (NYSE:MAN) updated its first quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.30-1.38 for the period, compared to the Thomson Reuters consensus estimate of $1.46.

Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of ManpowerGroup from a hold rating to a sell rating in a research note on Tuesday. ValuEngine cut ManpowerGroup from a sell rating to a strong sell rating in a report on Wednesday, January 2nd. TheStreet cut ManpowerGroup from a b- rating to a c+ rating in a report on Tuesday, October 30th. Bank of America assumed coverage on ManpowerGroup in a report on Tuesday, October 23rd. They set a neutral rating and a $82.00 price objective for the company. Finally, Robert W. Baird cut their price objective on ManpowerGroup from $101.00 to $97.00 and set an outperform rating for the company in a report on Monday, October 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $99.00.

Shares of ManpowerGroup stock traded up $3.01 during trading on Thursday, reaching $79.03. The company’s stock had a trading volume of 1,020,351 shares, compared to its average volume of 536,994. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. ManpowerGroup has a one year low of $61.57 and a one year high of $134.04. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.07 and a beta of 1.35.

In other ManpowerGroup news, Director William Downe purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was acquired at an average cost of $81.21 per share, with a total value of $324,840.00. Following the completion of the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $324,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Walter sold 7,403 shares of ManpowerGroup stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $77.74, for a total value of $575,509.22. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

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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's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

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