ManpowerGroup Inc. (NYSE:MAN - Free Report) - Analysts at Zacks Research lowered their Q2 2024 earnings estimates for ManpowerGroup in a research note issued on Tuesday, April 16th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $1.20 per share for the quarter, down from their previous forecast 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.
MAN has been the subject of a number of other reports. 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. William Blair initiated coverage on shares of ManpowerGroup in a report on Monday, January 8th. They issued a "market perform" rating for the company. BNP Paribas restated an "underperform" rating and issued a $70.00 price objective on shares of ManpowerGroup in a report on Friday, January 5th. BMO Capital Markets lowered 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. Finally, StockNews.com lowered shares of ManpowerGroup from a "buy" rating to a "hold" rating in a report on Wednesday, January 31st. Two equities 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 presently has a consensus rating of "Hold" and a consensus target price of $83.00.
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ManpowerGroup Price Performance
ManpowerGroup stock traded up $0.10 during mid-day trading on Wednesday, hitting $70.07. 659,376 shares of the company traded hands, compared to its average volume of 382,044. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 41.96, a price-to-earnings-growth 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. ManpowerGroup has a one year low of $67.35 and a one year high of $88.91. The stock has a fifty day moving average price of $73.26 and a 200-day moving average price of $74.35.
ManpowerGroup (NYSE:MAN - Get Free Report) last announced 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 business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the business posted $2.08 earnings per share. ManpowerGroup's revenue for the quarter was down 3.7% on a year-over-year basis.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. UBS Group AG increased its position in ManpowerGroup by 88.3% during the 3rd quarter. UBS Group AG now owns 52,185 shares of the business services provider's stock valued at $3,826,000 after purchasing an additional 24,466 shares during the period. ING Groep NV purchased a new position in ManpowerGroup during the 3rd quarter valued at $1,019,000. Teachers Retirement System of The State of Kentucky increased its position in ManpowerGroup by 91.2% during the 3rd 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 purchasing an additional 8,318 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in ManpowerGroup during the 3rd quarter valued at $1,603,000. Finally, Quantbot Technologies LP increased its position in ManpowerGroup by 376.8% during the 3rd quarter. Quantbot Technologies LP now owns 23,688 shares of the business services provider's stock valued at $1,737,000 after purchasing an additional 18,720 shares during the period. 98.03% of the stock is owned by hedge funds and other institutional investors.
ManpowerGroup Company Profile
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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.
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