ManpowerGroup (MAN) Set to Announce Quarterly Earnings on Thursday

ManpowerGroup (NYSE:MAN) is set to announce its earnings results before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. ManpowerGroup has set its Q1 2024 guidance at 0.880-0.980 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Tuesday, January 30th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.26. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the firm earned $2.08 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts expect ManpowerGroup to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

ManpowerGroup Stock Down 0.8 %

Shares of NYSE:MAN opened at $70.54 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. ManpowerGroup has a 12 month low of $67.35 and a 12 month high of $88.91. The company has a 50-day moving average price of $73.38 and a 200 day moving average price of $74.41. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 42.24, a PEG ratio of 0.60 and a beta of 1.54.

Analyst Upgrades and Downgrades

MAN has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price objective on shares of ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, February 1st. StockNews.com lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Truist Financial increased their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. BNP Paribas reaffirmed an “underperform” rating and set a $70.00 target price on shares of ManpowerGroup in a research report on Friday, January 5th. Finally, William Blair initiated coverage on shares of ManpowerGroup in a research report on Monday, January 8th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $83.00.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors have recently bought and sold shares of MAN. Raymond James Financial Services Advisors Inc. purchased a new position in ManpowerGroup during the first quarter valued at approximately $907,000. Cetera Advisor Networks LLC purchased a new position in ManpowerGroup during the first quarter valued at approximately $267,000. Bank of Montreal Can increased its holdings in ManpowerGroup by 104.8% during the first quarter. Bank of Montreal Can now owns 21,293 shares of the business services provider’s stock valued at $2,143,000 after buying an additional 10,894 shares during the period. MetLife Investment Management LLC increased its holdings in ManpowerGroup by 33.5% during the first quarter. MetLife Investment Management LLC now owns 35,079 shares of the business services provider’s stock valued at $3,295,000 after buying an additional 8,794 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in ManpowerGroup by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,878 shares of the business services provider’s stock valued at $1,867,000 after buying an additional 1,895 shares during the period. 98.03% of the stock is owned by hedge funds and other institutional investors.

About ManpowerGroup

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.