William Blair Weighs in on ManpowerGroup Inc.’s Q2 2024 Earnings (NYSE:MAN)

ManpowerGroup Inc. (NYSE:MAN) – Research analysts at William Blair cut their Q2 2024 earnings estimates for ManpowerGroup in a research report issued to clients and investors on Thursday, April 18th. William Blair analyst T. Romeo now anticipates that the business services provider will post earnings of $1.29 per share for the quarter, down from their prior estimate of $1.36. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for ManpowerGroup’s current full-year earnings is $4.99 per share. William Blair also issued estimates for ManpowerGroup’s Q3 2024 earnings at $1.39 EPS, Q4 2024 earnings at $1.41 EPS, Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $1.64 EPS, Q3 2025 earnings at $1.75 EPS, Q4 2025 earnings at $1.78 EPS and FY2025 earnings at $6.27 EPS.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 earnings per share.

MAN has been the subject of a number of other research reports. BMO Capital Markets lifted their price target on shares of ManpowerGroup from $81.00 to $84.00 and gave the stock a “market perform” rating in a research note on Monday. Truist Financial upped their price target on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. BNP Paribas reiterated an “underperform” rating and issued a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. StockNews.com downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, UBS Group reduced their price target on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.00.

ManpowerGroup Trading Up 1.0 %

Shares of MAN stock opened at $76.44 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.17. The stock has a market capitalization of $3.70 billion, a P/E ratio of 78.80, a price-to-earnings-growth ratio of 0.64 and a beta of 1.54. The company has a 50 day moving average price of $73.36 and a 200 day moving average price of $74.41. ManpowerGroup has a fifty-two week low of $67.35 and a fifty-two week high of $88.91.

Institutional Investors Weigh In On ManpowerGroup

Several institutional investors and hedge funds have recently made changes to their positions in MAN. Schroder Investment Management Group purchased a new stake in shares of ManpowerGroup in the 3rd quarter worth about $94,417,000. Norges Bank purchased a new position in ManpowerGroup in the 4th quarter valued at about $44,057,000. Victory Capital Management Inc. lifted its holdings in ManpowerGroup by 11.5% in the 3rd quarter. Victory Capital Management Inc. now owns 3,622,221 shares of the business services provider’s stock valued at $265,581,000 after purchasing an additional 373,473 shares in the last quarter. Capital Research Global Investors lifted its holdings in ManpowerGroup by 37.5% in the 4th quarter. Capital Research Global Investors now owns 907,545 shares of the business services provider’s stock valued at $72,123,000 after purchasing an additional 247,383 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in ManpowerGroup by 22.5% in the 3rd quarter. Invesco Ltd. now owns 1,283,262 shares of the business services provider’s stock valued at $94,089,000 after purchasing an additional 235,578 shares in the last quarter. 98.03% of the stock is currently owned by hedge funds and other 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.