ManpowerGroup (NYSE:MAN) Releases Q2 Earnings Guidance

ManpowerGroup (NYSE:MAN) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.24-1.34 for the period, compared to the consensus estimate of $1.23. ManpowerGroup also updated its Q2 2024 guidance to 1.240-1.340 EPS.

ManpowerGroup Trading Up 1.1 %

Shares of NYSE:MAN opened at $74.84 on Friday. The company has a market capitalization of $3.62 billion, a P/E ratio of 77.16, a P/E/G ratio of 0.63 and a beta of 1.54. ManpowerGroup has a 1 year low of $67.35 and a 1 year high of $88.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.16. The business’s 50 day simple moving average is $73.32 and its 200 day simple moving average is $74.37.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 earnings per share. On average, research analysts anticipate that ManpowerGroup will post 5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MAN has been the topic of a number of analyst reports. William Blair initiated coverage on ManpowerGroup in a research report on Monday, January 8th. They set a market perform rating on the stock. UBS Group reduced their target price on ManpowerGroup from $81.00 to $80.00 and set a neutral rating on the stock in a report on Friday. JPMorgan Chase & Co. raised their target price on ManpowerGroup from $82.00 to $84.00 and gave the company a neutral rating in a report on Friday. StockNews.com downgraded ManpowerGroup from a buy rating to a hold rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets reduced their target price on ManpowerGroup from $86.00 to $85.00 and set a market perform rating on the stock in a report on Thursday, February 1st. Two investment 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. According to data from MarketBeat, ManpowerGroup has a consensus rating of Hold and an average price target of $83.13.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of ManpowerGroup by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock valued at $549,314,000 after acquiring an additional 17,691 shares during the last quarter. State Street Corp lifted its stake in shares of ManpowerGroup by 4.1% in the 1st quarter. State Street Corp now owns 1,990,548 shares of the business services provider’s stock valued at $164,278,000 after acquiring an additional 78,884 shares during the last quarter. Invesco Ltd. lifted its stake in shares of ManpowerGroup by 67.2% in the 1st quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider’s stock valued at $172,812,000 after acquiring an additional 739,380 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of ManpowerGroup by 8.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 944,162 shares of the business services provider’s stock valued at $77,921,000 after acquiring an additional 76,080 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of ManpowerGroup by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 767,551 shares of the business services provider’s stock valued at $64,099,000 after acquiring an additional 19,090 shares during the last quarter. 98.03% of the stock is currently owned by 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.