Analysts predict that ManpowerGroup Inc. (NYSE:MAN) will post sales of $3.80 billion for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for ManpowerGroup’s earnings. The highest sales estimate is $4.06 billion and the lowest is $3.54 billion. ManpowerGroup reported sales of $5.37 billion in the same quarter last year, which would suggest a negative year over year growth rate of 29.2%. The firm is expected to issue its next earnings report before the market opens on Monday, July 20th.

On average, analysts expect that ManpowerGroup will report full-year sales of $16.88 billion for the current financial year, with estimates ranging from $16.25 billion to $17.44 billion. For the next year, analysts expect that the firm will report sales of $18.14 billion, with estimates ranging from $16.30 billion to $19.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover ManpowerGroup.

ManpowerGroup (NYSE:MAN) last released its earnings results on Tuesday, April 21st. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.09. ManpowerGroup had a return on equity of 15.36% and a net margin of 2.02%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis.

Several research firms have weighed in on MAN. Barclays lowered ManpowerGroup from an “overweight” rating to an “underweight” rating and cut their target price for the company from $112.00 to $68.00 in a research note on Thursday, March 19th. Zacks Investment Research raised ManpowerGroup from a “strong sell” rating to a “hold” rating and set a $79.00 target price on the stock in a research note on Wednesday, May 27th. Robert W. Baird cut their target price on ManpowerGroup from $101.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Credit Suisse Group upgraded ManpowerGroup from an “underperform” rating to a “neutral” rating and set a $70.00 price target for the company in a report on Thursday, May 21st. They noted that the move was a valuation call. Finally, CL King lowered their price target on ManpowerGroup from $107.00 to $80.00 in a report on Tuesday, April 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. ManpowerGroup currently has a consensus rating of “Hold” and an average target price of $80.45.

Several large investors have recently bought and sold shares of MAN. Bank of America Corp DE grew its position in shares of ManpowerGroup by 5.3% during the 4th quarter. Bank of America Corp DE now owns 285,155 shares of the business services provider’s stock valued at $27,688,000 after acquiring an additional 14,417 shares during the period. Legal & General Group Plc raised its position in shares of ManpowerGroup by 0.4% during the 1st quarter. Legal & General Group Plc now owns 548,577 shares of the business services provider’s stock valued at $29,069,000 after buying an additional 2,154 shares in the last quarter. AQR Capital Management LLC raised its position in shares of ManpowerGroup by 3.2% during the 4th quarter. AQR Capital Management LLC now owns 2,825,561 shares of the business services provider’s stock valued at $274,362,000 after buying an additional 88,909 shares in the last quarter. Van ECK Associates Corp grew its holdings in ManpowerGroup by 10.2% during the 1st quarter. Van ECK Associates Corp now owns 2,647 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 244 shares during the last quarter. Finally, Westpac Banking Corp grew its holdings in ManpowerGroup by 44.4% during the 1st quarter. Westpac Banking Corp now owns 28,548 shares of the business services provider’s stock valued at $1,513,000 after purchasing an additional 8,775 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

NYSE:MAN traded up $1.50 during mid-day trading on Wednesday, hitting $69.43. The company had a trading volume of 459,775 shares, compared to its average volume of 696,827. ManpowerGroup has a fifty-two week low of $49.57 and a fifty-two week high of $100.99. The business’s fifty day moving average is $70.68 and its two-hundred day moving average is $77.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $3.94 billion, a P/E ratio of 10.08, a P/E/G ratio of 16.62 and a beta of 2.03.

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $1.09 per share. The ex-dividend date was Friday, May 29th. This represents a dividend yield of 3.3%. ManpowerGroup’s payout ratio is presently 29.26%.

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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