ManpowerGroup (MAN) Releases Earnings Results, Beats Expectations By $0.05 EPS

ManpowerGroup (MAN) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.98 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.93. The company posted revenue of $4587.00 million in the period, compared to analysts expectations of $4638.68 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on ManpowerGroup. Nomura Initiated ManpowerGroup on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $102.ManpowerGroup was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016. Shares were Reiterated by Barclays on Feb 10, 2016 to “Overweight” and Lowered the Price Target to $ 85 from a previous price target of $100 .

ManpowerGroup opened for trading at $82.67 and hit $83.85 on the upside on Monday, eventually ending the session at $83.64, with a gain of 0.81% or 0.67 points. The heightened volatility saw the trading volume jump to 6,13,184 shares. Company has a market cap of $6,047 M.

In a different news, on Mar 7, 2016, Ulice Jr Payne (director) sold 2,200 shares at $80.54 per share price. According to the SEC, on Mar 7, 2016, Sriram Chandrashekar (EVP) sold 6,964 shares at $80.21 per share price. On Nov 24, 2015, Hans Leentjes (EVP/Northern Europe) sold 7,750 shares at $90.53 per share price, according to the Form-4 filing with the securities and exchange commission.

ManpowerGroup Inc. is a provider of workforce solutions and services. The Company’s segments are Americas Southern Europe Northern Europe Asia Pacific Middle East (APME) and Right Management. The Americas segment includes operations in the United States and other Americas. The Southern Europe segment includes the operations in France Italy and other Southern Europe. The Northern Europe segment includes operations in the United Kingdom the Nordics Germany and the Netherlands. It provides placement of contingent workers in the Americas Southern Europe Northern Europe and APME segments. It offers other workforce solutions and services including recruitment and assessment; training and development and ManpowerGroup solutions. The Right Management segment offers career management and workforce consulting services. The Company offers various brands including Manpower Experis Right Management and ManpowerGroup Solutions.


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