ManpowerGroup (NYSE:MAN - Get Free Report) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $1.24-1.34 for the period, compared to the consensus EPS estimate of $1.23. ManpowerGroup also updated its Q2 2024 guidance to 1.240-1.340 EPS.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a hold rating in a report on Wednesday, January 31st. William Blair began coverage on ManpowerGroup in a report on Monday, January 8th. They set a market perform rating for the company. BMO Capital Markets cut their target price on shares of ManpowerGroup from $86.00 to $85.00 and set a market perform rating on the stock in a research report on Thursday, February 1st. StockNews.com downgraded ManpowerGroup from a buy rating to a hold rating in a report on Wednesday, January 31st. Finally, BNP Paribas reaffirmed an underperform rating and set a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $83.00.
Get Our Latest Analysis on MAN
ManpowerGroup Stock Up 5.7 %
Shares of ManpowerGroup stock traded up $3.96 during trading hours on Thursday, reaching $74.03. The company's stock had a trading volume of 1,350,592 shares, compared to its average volume of 394,960. ManpowerGroup has a one year low of $67.35 and a one year high of $88.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. The stock's fifty day simple moving average is $73.28 and its two-hundred day simple moving average is $74.35. The company has a market capitalization of $3.58 billion, a P/E ratio of 44.33, a P/E/G ratio of 0.60 and a beta of 1.54.
ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The business services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.19 by $0.26. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the business earned $2.08 earnings per share. ManpowerGroup's revenue for the quarter was down 3.7% on a year-over-year basis. On average, research analysts forecast that ManpowerGroup will post 5.01 earnings per share for the current year.
Hedge Funds Weigh In On ManpowerGroup
A number of large investors have recently modified their holdings of MAN. Invesco Ltd. lifted its stake in ManpowerGroup by 67.2% in the first quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider's stock worth $172,812,000 after acquiring an additional 739,380 shares during the period. Norges Bank bought a new stake in ManpowerGroup in the 4th quarter worth approximately $41,325,000. Millennium Management LLC grew its stake in shares of ManpowerGroup by 816.4% during the 2nd quarter. Millennium Management LLC now owns 293,212 shares of the business services provider's stock valued at $22,404,000 after purchasing an additional 261,217 shares during the period. First Trust Advisors LP increased its stake in shares of ManpowerGroup by 172.5% in the 1st quarter. First Trust Advisors LP now owns 191,041 shares of the business services provider's stock worth $17,943,000 after purchasing an additional 120,935 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of ManpowerGroup by 121.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 186,896 shares of the business services provider's stock worth $14,853,000 after buying an additional 102,440 shares during the period. 98.03% of the stock is owned by hedge funds and other institutional investors.
About ManpowerGroup
(
Get Free Report)
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.
Featured Articles
Before you consider ManpowerGroup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ManpowerGroup wasn't on the list.
While ManpowerGroup currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
