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

ManpowerGroup Inc. (NYSE:MAN) – Investment analysts at Zacks Research decreased their Q2 2024 EPS estimates for ManpowerGroup in a research note issued to investors 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 estimate of $1.26. The consensus estimate for ManpowerGroup’s current full-year earnings is $5.05 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 released its earnings results on Tuesday, January 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.26. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the business earned $2.08 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis.

A number of other equities analysts have also weighed in on MAN. StockNews.com lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. BNP Paribas restated an “underperform” rating and issued a $70.00 price objective on shares of ManpowerGroup in a report on Friday, January 5th. William Blair began coverage on shares of ManpowerGroup in a report on Monday, January 8th. They issued a “market perform” rating for the company. Truist Financial boosted their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets decreased their price objective on shares of ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, ManpowerGroup presently has a consensus rating of “Hold” and an average price target of $83.00.

ManpowerGroup Price Performance

MAN stock opened at $70.07 on Wednesday. The firm has a 50 day moving average price of $73.26 and a 200-day moving average price of $74.35. ManpowerGroup has a 52-week low of $67.35 and a 52-week high of $88.91. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 0.60 and a beta of 1.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16.

Institutional Investors Weigh In On ManpowerGroup

A number of large investors have recently added to or reduced their stakes in MAN. Schroder Investment Management Group bought a new stake in ManpowerGroup in the 3rd quarter worth approximately $94,417,000. Invesco Ltd. grew its position in shares of ManpowerGroup by 67.2% during 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 period. Norges Bank bought a new stake in shares of ManpowerGroup during the 4th quarter valued at $44,057,000. Victory Capital Management Inc. grew its position in shares of ManpowerGroup by 11.5% during 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 acquiring an additional 373,473 shares during the period. Finally, Millennium Management LLC grew its position in shares of ManpowerGroup by 816.4% during the 2nd quarter. Millennium Management LLC now owns 293,212 shares of the business services provider’s stock valued at $22,404,000 after acquiring an additional 261,217 shares during the period. Institutional investors 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.