Manpower Hikes Dividend - Analyst Blog
03 Mai 2012 - 2:30PM
Zacks
After posting better-than-expected
first-quarter 2012 results, ManpowerGroup (MAN),
the global leader in the employment services industry, has
announced a hike in dividend.
Milwaukee, Wisconsin based
Manpowerraised its semi-annual dividend to 43 cents a share, up
from 40 cents. The increased dividend is payable on June 15, 2012,
to shareholders of record as of June 1, 2012.
A hike in dividend appears to be
one of the best tools to win the hearts of the investors, who now
prefer to move to a safe heaven, in an economy that is still
struggling to recover. Investors, in order to shield themselves
from the upheavals that the financial world is susceptible to, are
now diligently choosing their portfolio of stocks that can give
them the best returns. On that note, we believe underlining
dividend growth potentiality plays a vital role in building the
portfolio.
Manpower now expects second-quarter
2012 earnings in the range of 68 cents to 76 cents a share,
including an unfavorable impact of foreign currency translation of
4 cents.
Management now projects second
quarter total revenues to be flat or down 2% in constant currency,
when compared with the prior-year quarter. On a segment basis,
management forecasts low-to-mid single digit growth in constant
currency for the Americas, Asia Pacific and Right Managemen unit.
Revenues for Southern Europeand Northern Europeare expected to fall
in the low to mid-single digits in constant currency.
Management projects sequential
improvement in gross profit margin, which is expected to be
somewhat in line with the prior year. Operating profit margin is
projected to be in the range of 2.3% to 2.5%.
With a well-established network of
nearly 3,800 offices in approximately 80 countries, Manpower
currently offers its services to about 400,000 clients. We believe
that Manpower’s brand value, comprehensive range of services and a
strong global network provide a competitive advantage and reinforce
its dominant position in the market.
Currently, we have a long-term
‘Outperform’ recommendation on ManpowerGroup. Moreover, the
company, which competes with Kelly Services Inc.
(KELYA) and Robert Half International Inc. (RHI),
has a Zacks #2 Rank that translates into a short-term “Buy”
rating.
KELLY SVCS A (KELYA): Free Stock Analysis Report
MANPOWER INC WI (MAN): Free Stock Analysis Report
ROBT HALF INTL (RHI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Kelly Services (NASDAQ:KELYA)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Kelly Services (NASDAQ:KELYA)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024