ManpowerGroup (NYSE:MAN) Updates Q4 2019 Earnings Guidance

ManpowerGroup (NYSE:MAN) updated its fourth quarter 2019 earnings guidance on Friday. The company provided EPS guidance of $2.00-2.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.15. ManpowerGroup also updated its Q4 guidance to $2.00-2.08 EPS.

Several brokerages recently commented on MAN. SunTrust Banks cut their target price on ManpowerGroup from $97.00 to $90.00 and set a hold rating on the stock in a research report on Thursday, September 26th. Argus lowered ManpowerGroup from a buy rating to a hold rating in a research report on Wednesday, October 30th. Bank of America cut their price target on ManpowerGroup from $100.00 to $96.00 and set a neutral rating on the stock in a report on Monday, July 22nd. Robert W. Baird set a $101.00 price target on ManpowerGroup and gave the stock a buy rating in a report on Friday, October 18th. Finally, Royal Bank of Canada set a $107.00 price target on ManpowerGroup and gave the stock a buy rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. ManpowerGroup has a consensus rating of Hold and a consensus target price of $94.14.

NYSE:MAN traded up $0.34 on Friday, hitting $94.29. The stock had a trading volume of 312,939 shares, compared to its average volume of 547,979. The business’s fifty day moving average is $86.96 and its 200 day moving average is $89.17. The company has a market cap of $5.54 billion, a PE ratio of 10.54, a P/E/G ratio of 8.45 and a beta of 1.61. The company has a quick ratio of 1.46, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. ManpowerGroup has a 52 week low of $61.57 and a 52 week high of $97.96.

ManpowerGroup declared that its board has authorized a share buyback plan on Friday, August 2nd that authorizes the company to repurchase 6,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

In related news, SVP Richard Buchband sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $92.50, for a total transaction of $231,250.00. Following the completion of the sale, the senior vice president now directly owns 5,714 shares of the company’s stock, valued at $528,545. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mara E. Swan sold 14,871 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $84.48, for a total value of $1,256,302.08. Following the sale, the executive vice president now directly owns 7,228 shares of the company’s stock, valued at $610,621.44. The disclosure for this sale can be found here. Insiders sold 37,108 shares of company stock worth $3,274,382 in the last 90 days. Corporate insiders own 1.49% 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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