Zacks Research Weighs in on ManpowerGroup Inc.’s Q2 2024 Earnings (NYSE:MAN)

ManpowerGroup Inc. (NYSE:MAN) – Investment analysts at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for ManpowerGroup in a 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 prior 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.

Other equities analysts also recently issued reports about the company. William Blair assumed coverage on ManpowerGroup in a research report on Monday, January 8th. They set a “market perform” rating for the company. BMO Capital Markets lowered their price objective on ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. BNP Paribas restated an “underperform” rating and set a $70.00 price objective on shares of ManpowerGroup in a research report on Friday, January 5th. StockNews.com downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Truist Financial raised their price objective on ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Two research 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.com, ManpowerGroup has an average rating of “Hold” and an average target price of $83.00.

ManpowerGroup Trading Up 0.1 %

Shares of MAN stock traded up $0.10 during mid-day trading on Wednesday, reaching $70.07. 659,376 shares of the stock traded hands, compared to its average volume of 382,044. The stock’s fifty day simple moving average is $73.31 and its two-hundred day simple moving average is $74.38. ManpowerGroup has a 1-year low of $67.35 and a 1-year high of $88.91. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44.

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

Institutional Investors Weigh In On ManpowerGroup

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG increased its holdings in shares of ManpowerGroup by 88.3% during the third quarter. UBS Group AG now owns 52,185 shares of the business services provider’s stock valued at $3,826,000 after acquiring an additional 24,466 shares in the last quarter. ING Groep NV purchased a new position in shares of ManpowerGroup during the third quarter valued at approximately $1,019,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of ManpowerGroup by 91.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,437 shares of the business services provider’s stock valued at $1,278,000 after buying an additional 8,318 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of ManpowerGroup during the third quarter valued at approximately $1,603,000. Finally, Quantbot Technologies LP boosted its position in shares of ManpowerGroup by 376.8% during the third quarter. Quantbot Technologies LP now owns 23,688 shares of the business services provider’s stock valued at $1,737,000 after buying an additional 18,720 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

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.