Revenue Update on ManpowerGroup(NYSE:MAN)

ManpowerGroup(NYSE:MAN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $5.02B. Analysts estimated a revenue of $5.07B. Earnings per share were $1.60. Analysts had estimated an EPS of $1.52.

In a different note, On Jun 27, 2016, Credit Suisse said it Downgrades its rating on ManpowerGroup. In the research note, the firm Lowers the price-target to $88.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 25, 2016, Avondale Partners said it Maintains its rating on ManpowerGroup. In the research note, the firm Raises the price-target to $93.00 per share. The shares have been rated ‘Market Outperform’ by the firm.

ManpowerGroup (MAN) made into the market gainers list on Wednesdays trading session with the shares advancing 2.09% or 1.41 points. Due to strong positive momentum, the stock ended at $68.87, which is also near the day’s high of $69.04. The stock began the session at $67.58 and the volume stood at 12,14,403 shares. The 52-week high of the shares is $96.87 and the 52 week low is $57.26. The company has a current market capitalization of $4,924 M and it has 7,14,93,356 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 26, 2016, Sriram Chandrashekar (EVP) sold 3,045 shares at $81.25 per share price.Also, On Apr 26, 2016, Darryl Green (COO & President) sold 10,000 shares at $80.66 per share price.On Mar 7, 2016, Ulice Jr Payne (director) sold 2,200 shares at $80.54 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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