ManpowerGroup (NYSE:MAN) Updates Q4 2024 Earnings Guidance

ManpowerGroup (NYSE:MAN) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.980-1.080 for the period, compared to the consensus earnings per share estimate of 1.300. The company issued revenue guidance of -. ManpowerGroup also updated its Q4 guidance to $0.98-1.08 EPS.

Analysts Set New Price Targets

A number of analysts have recently commented on MAN shares. Truist Financial lowered their price target on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Friday. UBS Group cut their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday. BMO Capital Markets decreased their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.60.

ManpowerGroup Price Performance

NYSE:MAN opened at $65.25 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $71.72 and a 200 day simple moving average of $72.67. ManpowerGroup has a 1-year low of $64.35 and a 1-year high of $80.25. The stock has a market capitalization of $3.11 billion, a PE ratio of 67.27 and a beta of 1.45.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm posted $1.58 EPS. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, research analysts expect that ManpowerGroup will post 4.87 EPS for the current fiscal year.

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.