ManpowerGroup Inc. (MAN) To Go Ex-Dividend on December 2nd

ManpowerGroup Inc. (NYSE:MAN) declared a quarterly dividend on Friday, November 8th,RTT News reports. Investors of record on Monday, December 2nd will be given a dividend of 1.545 per share by the business services provider on Monday, December 16th. This represents a $6.18 dividend on an annualized basis and a yield of 9.61%. The ex-dividend date is Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01.

ManpowerGroup has increased its dividend payment by an average of 9.2% annually over the last three years and has raised its dividend every year for the last 14 years. ManpowerGroup has a dividend payout ratio of 59.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect ManpowerGroup to earn $5.19 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 59.3%.

ManpowerGroup Price Performance

Shares of MAN opened at $64.34 on Friday. ManpowerGroup has a 12 month low of $59.35 and a 12 month high of $80.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a fifty day moving average price of $66.78 and a 200 day moving average price of $70.36. The company has a market cap of $3.02 billion, a P/E ratio of 81.44 and a beta of 1.46.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.48 billion. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. On average, research analysts forecast that ManpowerGroup will post 4.55 earnings per share for the current year.

Insider Buying and Selling at ManpowerGroup

In related news, CFO John T. Mcginnis bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the acquisition, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at $4,399,396.92. The trade was a 12.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial cut their price target on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Friday, October 18th. UBS Group lowered their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, October 18th. Finally, BMO Capital Markets lowered their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, ManpowerGroup currently has a consensus rating of “Hold” and an average target price of $76.60.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. 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. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.