ManpowerGroup Appoints Stefano Scabbio President Northern Europe and Mediterranean & Eastern Europe Operations.
The company is so far trading up by 0.63% since yesterday’s close of $104.
Additionally ManpowerGroup recently declared a dividend for shareholders to be paid on Thursday the 15th of June 2017. The dividend will be $0.465 per share for the quarter which comes to $1.86 on an annualized basis. This dividend represents a yeild of $1.78 which is the dividend as a percentage of the current share price. The ex-dividend date will be Tuesday May 30th, 2017.
ManpowerGroup Inc., launched on April 12, 1990, is a provider of workforce solutions and services. The Business’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Business’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe. Its Northern Europe segment includes operations in the United Kingdom, the Nordics, Germany and the Netherlands. Its APME operations provide a range of workforce solutions and services offered through Manpower, Experis and ManpowerGroup Solutions, including permanent, temporary and contract recruitment, assessment and selection, training and outsourcing. The Business’s Right Management segment provides talent and career management workforce solutions. The Company offers a portfolio of training courses and leadership development solutions. The Company provides clients with outsourcing services related to human resources functions primarily in the areas of recruiting and workforce-intensive initiatives. It provides services under its Experis brand, particularly in the areas of information technology (IT), engineering and finance..
Shares last traded at $104.65 marginally over the 50 day moving average which is $102.80 and just a bit higher than the 200 day moving average of $97.17. The 50 day moving average was up by +1.80% and the 200 day average went up by +7.69%.
ManpowerGroup currently has a P/E ratio of 16.30 and market cap is 7.02B. In the latest earnings report the EPS was $6.42 and is expected to be $6.57 for the current year with 67,078,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $1.88 and the next full year EPS is anticipated to be $7.22.
Several brokerage firms have released opinions on ManpowerGroup of late. Macquarie started covering the stock by announcing an initial rating of “Outperform”. On August 18, 2016 Deutsche Bank initiated coverage on MAN giving it an initial rating of “Hold”.
Barclays lowered the price target and downgraded the stock on July 1 changing the price objective from $85.00 to $65.00 and changing the rating from “Overweight” to “Equal-weight”. On July 1 the company was downgraded to “Equal-weight” from “Overweight” with a current price target of $65.00 in a report from Barclays.
On June 27 the stock rating was downgraded from “Outperform” to “Neutral” and a price target of $73.00 was set in an announcement from Credit Suisse. Equity analyst Credit Suisse both downgraded the stock and lowered the price target on June 27 changing the price target from $97.00 to $73.00 and moving the rating from “Outperform” to “Neutral”.