Manpower (MAN) Posts Quarterly Earnings, Beats Estimates By $0.15 EPS
Manpower (MAN) announced its earnings results on Friday. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.35 by $0.15. The company’s revenue for the quarter was up .5% on a year-over-year basis.
MAN has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Manpower from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $48.00 price target on the stock. On the ratings front, analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of Manpower in a research note on Monday. They now have an “outperform” rating and a $54.00 price target on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Manpower from $40.00 to $43.00 in a research note to investors on Monday, April 23rd. They now have an “equal weight” rating on the stock.
Shares of Manpower (MAN) opened at 43.67 on Friday. Manpower (MAN) has a one year low of $31.81 and a one year high of $67.47. The company has a market cap of $3.502 billion and a P/E ratio of 14.01.
Manpower Inc. (Manpower) operates within the employment services industry. The Company’s global network of nearly 4,000 offices in 82 countries allows the Company to meet the needs of its clients in all industry segments. Manpower Inc.’s five brands, Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management provides a range of services for the employment and business cycle including: permanent, temporary and contract recruitment, employee assessment and selection, training, outplacement, outsourcing, consulting and professional services. During the year ended December 31, 2009, it found permanent and temporary jobs for nearly three million people. The Company had 530 branch and 205 stand-alone franchise offices in the United States as of December 31, 2009. In February 2010, the Company entered into an agreement to acquire COMSYS IT Partners, Inc. a professional staffing firm.