Q2 2024 Earnings Estimate for ManpowerGroup Inc. (NYSE:MAN) Issued By William Blair

ManpowerGroup Inc. (NYSE:MAN) – Equities researchers at William Blair dropped their Q2 2024 earnings per share (EPS) estimates for ManpowerGroup in a research report issued to clients and investors on Thursday, April 18th. William Blair analyst T. Romeo now forecasts that the business services provider will post earnings per share of $1.29 for the quarter, down from their previous forecast 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.

Several other research analysts have also weighed in on the company. Truist Financial upped their target price on 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 boosted their target price on shares of ManpowerGroup from $81.00 to $84.00 and gave the stock a “market perform” rating in a research report on Monday. BNP Paribas restated an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a report on Friday, January 5th. StockNews.com cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, 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. Two 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $83.00.

ManpowerGroup Trading Up 1.1 %

Shares of NYSE:MAN opened at $75.65 on Monday. The firm has a fifty day moving average of $73.36 and a two-hundred day moving average of $74.41. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.44. ManpowerGroup has a 12-month low of $67.35 and a 12-month high of $88.91. The firm has a market capitalization of $3.66 billion, a P/E ratio of 77.99, a price-to-earnings-growth ratio of 0.64 and a beta of 1.54.

ManpowerGroup (NYSE:MAN) last issued its earnings results 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 company 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS.

Hedge Funds Weigh In On ManpowerGroup

Several large investors have recently made changes to their positions in MAN. Schroder Investment Management Group bought a new stake in shares of ManpowerGroup in the third quarter valued at approximately $94,417,000. Norges Bank bought a new stake in ManpowerGroup in the 4th quarter valued at $44,057,000. Victory Capital Management Inc. grew its position 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 worth $265,581,000 after purchasing an additional 373,473 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of ManpowerGroup by 37.5% during the 4th quarter. Capital Research Global Investors now owns 907,545 shares of the business services provider’s stock worth $72,123,000 after purchasing an additional 247,383 shares during the period. Finally, Invesco Ltd. raised its position in shares of ManpowerGroup by 22.5% during the third quarter. Invesco Ltd. now owns 1,283,262 shares of the business services provider’s stock valued at $94,089,000 after buying an additional 235,578 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.