Q2 2024 EPS Estimates for ManpowerGroup Inc. (NYSE:MAN) Decreased by Zacks Research

ManpowerGroup Inc. (NYSE:MAN) – Zacks Research reduced their Q2 2024 earnings estimates for ManpowerGroup in a research note issued on Monday, September 4th. Zacks Research analyst S. Goswami now expects that the business services provider will earn $1.64 per share for the quarter, down from their previous forecast of $1.68. The consensus estimate for ManpowerGroup’s current full-year earnings is $5.80 per share. Zacks Research also issued estimates for ManpowerGroup’s Q1 2025 earnings at $2.23 EPS, Q2 2025 earnings at $3.12 EPS and FY2025 earnings at $10.66 EPS.

MAN has been the topic of several other reports. Redburn Partners began coverage on ManpowerGroup in a research note on Tuesday, June 20th. They issued a “buy” rating and a $94.00 price objective on the stock. BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $90.00 to $88.00 and set a “market perform” rating for the company in a research note on Monday, July 24th. The Goldman Sachs Group increased their price objective on shares of ManpowerGroup from $69.00 to $79.00 and gave the company a “sell” rating in a research note on Friday, July 21st. StockNews.com started coverage on shares of ManpowerGroup in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Robert W. Baird lowered their target price on ManpowerGroup from $97.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $82.50.

ManpowerGroup Stock Performance

Shares of NYSE:MAN opened at $75.45 on Wednesday. The company’s 50 day simple moving average is $79.34 and its 200 day simple moving average is $78.18. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 7.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 1.21. ManpowerGroup has a 1 year low of $64.00 and a 1 year high of $92.43.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.04). The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.85 billion. ManpowerGroup had a return on equity of 15.66% and a net margin of 1.58%. The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.33 EPS.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors have recently made changes to their positions in MAN. Vigilant Capital Management LLC bought a new stake in shares of ManpowerGroup during the first quarter valued at approximately $41,000. Operose Advisors LLC acquired a new position in shares of ManpowerGroup during the first quarter valued at about $41,000. EverSource Wealth Advisors LLC grew its holdings in shares of ManpowerGroup by 70.9% during the second quarter. EverSource Wealth Advisors LLC now owns 788 shares of the business services provider’s stock valued at $63,000 after buying an additional 327 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of ManpowerGroup by 220.3% during the second quarter. Parallel Advisors LLC now owns 788 shares of the business services provider’s stock valued at $63,000 after buying an additional 542 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of ManpowerGroup by 60.5% in the second quarter. Exchange Traded Concepts LLC now owns 849 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.

Insiders Place Their Bets

In other ManpowerGroup news, Director Ulice Payne, Jr. sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $77.30, for a total transaction of $85,030.00. Following the completion of the transaction, the director now owns 8,620 shares in the company, valued at approximately $666,326. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other ManpowerGroup news, SVP Donald O. Mondano sold 2,000 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $81.40, for a total transaction of $162,800.00. Following the completion of the sale, the senior vice president now directly owns 3,440 shares in the company, valued at approximately $280,016. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,100 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $77.30, for a total value of $85,030.00. Following the transaction, the director now owns 8,620 shares in the company, valued at $666,326. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

ManpowerGroup Company Profile

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.