ManpowerGroup (NYSE:MAN) Updates Q3 2019 Earnings Guidance

ManpowerGroup (NYSE:MAN) issued an update on its third quarter 2019 earnings guidance on Friday morning. The company provided EPS guidance of $1.93-2.01 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.20. ManpowerGroup also updated its Q3 guidance to $1.88-1.96 EPS.

ManpowerGroup stock opened at $90.21 on Friday. ManpowerGroup has a 12-month low of $61.57 and a 12-month high of $97.96. The firm has a market cap of $5.40 billion, a PE ratio of 10.08, a P/E/G ratio of 3.68 and a beta of 1.57. The business’s 50-day moving average price is $91.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.43 and a quick ratio of 1.43.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, July 19th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.06. ManpowerGroup had a net margin of 2.39% and a return on equity of 20.08%. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same period last year, the company earned $2.35 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, equities research analysts predict that ManpowerGroup will post 7.85 earnings per share for the current fiscal year.

MAN has been the topic of several analyst reports. Zacks Investment Research cut shares of GasLog Partners LP Unit from a hold rating to a strong sell rating in a research note on Tuesday, April 2nd. Royal Bank of Canada initiated coverage on shares of Robert Half International in a research note on Tuesday, April 16th. They set a sector perform rating on the stock. BMO Capital Markets set a $44.00 price target on shares of Schlumberger and gave the stock a hold rating in a research note on Monday, April 22nd. ValuEngine raised shares of Alleghany from a hold rating to a buy rating in a research note on Friday, April 19th. Finally, Credit Suisse Group began coverage on shares of LTC Properties in a research note on Wednesday, July 10th. They set an underperform rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $94.18.

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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