ManpowerGroup Inc. to Post FY2022 Earnings of $8.83 Per Share, Jefferies Financial Group Forecasts (NYSE:MAN)

ManpowerGroup Inc. (NYSE:MAN – Get Rating) – Jefferies Financial Group reduced their FY2022 earnings per share (EPS) estimates for ManpowerGroup in a note issued to investors on Thursday, April 21st. Jefferies Financial Group analyst H. Mazari now forecasts that the business services provider will post earnings per share of $8.83 for the year, down from their prior forecast of $8.97. Jefferies Financial Group also issued estimates for ManpowerGroup’s FY2023 earnings at $9.58 EPS and FY2024 earnings at $10.05 EPS.

Other analysts have also recently issued research reports about the company. StockNews.com cut ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Credit Suisse Group reduced their price objective on ManpowerGroup from $115.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, April 20th. Robert W. Baird reduced their price objective on ManpowerGroup from $144.00 to $120.00 in a research report on Wednesday, April 20th. Bank of America began coverage on ManpowerGroup in a research report on Friday, March 11th. They set an “underperform” rating for the company. Finally, BMO Capital Markets lifted their price objective on ManpowerGroup from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, ManpowerGroup currently has an average rating of “Hold” and a consensus target price of $119.17.

Shares of ManpowerGroup stock opened at $92.39 on Monday. The stock has a market cap of $4.94 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.25 and a beta of 1.88. The business has a fifty day simple moving average of $96.41 and a 200-day simple moving average of $99.62. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.22. ManpowerGroup has a 12 month low of $84.32 and a 12 month high of $125.07.

ManpowerGroup (NYSE:MAN – Get Rating) last issued its earnings results on Tuesday, April 19th. The business services provider reported $1.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.29. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.08 billion. ManpowerGroup had a return on equity of 17.72% and a net margin of 1.97%. ManpowerGroup’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AGF Investments LLC boosted its holdings in ManpowerGroup by 3.9% during the third quarter. AGF Investments LLC now owns 2,634 shares of the business services provider’s stock valued at $285,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of ManpowerGroup by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the business services provider’s stock worth $1,353,000 after acquiring an additional 100 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of ManpowerGroup by 0.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 17,230 shares of the business services provider’s stock worth $1,866,000 after acquiring an additional 101 shares in the last quarter. Leuthold Group LLC boosted its holdings in shares of ManpowerGroup by 0.3% in the 3rd quarter. Leuthold Group LLC now owns 38,512 shares of the business services provider’s stock worth $4,170,000 after acquiring an additional 114 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of ManpowerGroup by 88.6% in the 1st quarter. Fifth Third Bancorp now owns 347 shares of the business services provider’s stock worth $33,000 after acquiring an additional 163 shares in the last quarter. 94.57% of the stock is currently owned by institutional investors.

In other ManpowerGroup news, SVP Donald O. Mondano sold 1,471 shares of ManpowerGroup stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $110.00, for a total transaction of $161,810.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

About ManpowerGroup (Get Rating)

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

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