ManpowerGroup Inc. to Post Q2 2024 Earnings of $1.20 Per Share, Zacks Research Forecasts (NYSE:MAN)

ManpowerGroup Inc. (NYSE:MAN) – Analysts at Zacks Research lowered their Q2 2024 EPS estimates for shares of ManpowerGroup in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $1.20 per share for the quarter, down from their prior estimate of $1.26. The consensus estimate for ManpowerGroup’s current full-year earnings is $5.01 per share. Zacks Research also issued estimates for ManpowerGroup’s Q3 2024 earnings at $1.16 EPS, Q4 2024 earnings at $1.37 EPS, FY2024 earnings at $4.62 EPS, Q1 2025 earnings at $1.60 EPS, Q2 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.55 EPS, Q4 2025 earnings at $1.63 EPS, FY2025 earnings at $6.56 EPS, Q1 2026 earnings at $2.03 EPS and FY2026 earnings at $8.48 EPS.

MAN has been the subject of several other reports. StockNews.com lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. William Blair began coverage on shares of ManpowerGroup in a research report on Monday, January 8th. They issued a “market perform” rating for the company. Truist Financial upped their target price 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. BMO Capital Markets cut their target price on shares of ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Finally, BNP Paribas reiterated an “underperform” rating and issued a $70.00 target price on shares of ManpowerGroup in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $83.00.

ManpowerGroup Trading Up 5.7 %

ManpowerGroup stock opened at $74.03 on Wednesday. ManpowerGroup has a fifty-two week low of $67.35 and a fifty-two week high of $88.91. The firm’s fifty day moving average price is $73.28 and its 200-day moving average price is $74.35. The stock has a market cap of $3.58 billion, a P/E ratio of 44.33, a PEG ratio of 0.60 and a beta of 1.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Tuesday, January 30th. The business services provider reported $1.45 earnings per share (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 business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the previous year, the firm posted $2.08 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year.

Hedge Funds Weigh In On ManpowerGroup

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

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.