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

ManpowerGroup Inc. (NYSE:MAN) – Investment analysts at Zacks Research dropped their Q2 2024 earnings estimates for ManpowerGroup in a report released on Tuesday, April 16th. Zacks Research analyst R. Department now expects that the business services provider will post earnings per share of $1.20 for the quarter, down from their previous forecast 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.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Tuesday, January 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.26. The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.57 billion. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 earnings per share.

Other equities analysts have also issued research reports about the stock. 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. BNP Paribas reissued an “underperform” rating and issued a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. Truist Financial lifted 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. StockNews.com downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets lowered 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 note on Thursday, February 1st. Two 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, the stock presently has a consensus rating of “Hold” and an average price target of $83.00.

ManpowerGroup Price Performance

NYSE MAN opened at $74.03 on Wednesday. The company has a 50 day simple moving average of $73.28 and a 200-day simple moving average of $74.35. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. ManpowerGroup has a 52-week low of $67.35 and a 52-week high of $88.91.

Institutional Investors Weigh In On ManpowerGroup

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of ManpowerGroup in the 1st quarter valued at $907,000. Cetera Advisor Networks LLC acquired a new position in ManpowerGroup in the first quarter worth $267,000. Bank of Montreal Can grew its holdings in ManpowerGroup by 104.8% during the 1st 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 last quarter. MetLife Investment Management LLC increased its position in ManpowerGroup by 33.5% in the 1st quarter. MetLife Investment Management LLC now owns 35,079 shares of the business services provider’s stock valued at $3,295,000 after acquiring an additional 8,794 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of 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 worth $1,867,000 after acquiring an additional 1,895 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

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.