Q3 2024 Earnings Forecast for ManpowerGroup Inc. Issued By Zacks Research (NYSE:MAN)

ManpowerGroup Inc. (NYSE:MAN) – Investment analysts at Zacks Research increased their Q3 2024 earnings per share (EPS) estimates for ManpowerGroup in a report issued on Thursday, August 8th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings per share of $1.22 for the quarter, up from their prior forecast of $1.18. The consensus estimate for ManpowerGroup’s current full-year earnings is $4.87 per share. Zacks Research also issued estimates for ManpowerGroup’s Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $4.75 EPS, Q1 2025 earnings at $1.14 EPS, Q2 2025 earnings at $1.64 EPS, Q3 2025 earnings at $1.83 EPS, Q4 2025 earnings at $1.53 EPS, Q2 2026 earnings at $2.13 EPS and FY2026 earnings at $7.77 EPS.

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

A number of other equities analysts have also recently issued reports on MAN. BNP Paribas upgraded shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective for the company in a research note on Tuesday, June 11th. UBS Group dropped their price target on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. BMO Capital Markets lifted their price objective on ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. dropped their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, ManpowerGroup has an average rating of “Hold” and a consensus price target of $82.40.

ManpowerGroup Stock Down 1.4 %

Shares of MAN stock opened at $70.11 on Friday. ManpowerGroup has a one year low of $66.03 and a one year high of $80.57. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.17. The stock has a fifty day moving average price of $71.61 and a 200 day moving average price of $73.36. The stock has a market cap of $3.34 billion, a P/E ratio of 72.28, a price-to-earnings-growth ratio of 1.91 and a beta of 1.47.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of ManpowerGroup by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock valued at $549,314,000 after buying an additional 17,691 shares during the last quarter. Victory Capital Management Inc. increased its position in ManpowerGroup by 4.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock valued at $287,987,000 after acquiring an additional 183,527 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ManpowerGroup by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock worth $160,539,000 after acquiring an additional 103,059 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of ManpowerGroup by 10.7% during the fourth quarter. Schroder Investment Management Group now owns 1,425,180 shares of the business services provider’s stock worth $113,259,000 after purchasing an additional 137,441 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of ManpowerGroup by 1.6% during the fourth quarter. Wellington Management Group LLP now owns 1,096,658 shares of the business services provider’s stock valued at $87,151,000 after purchasing an additional 17,481 shares during the last quarter. 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.