William Blair Comments on ManpowerGroup FY2027 Earnings

ManpowerGroup Inc. (NYSE:MAN - Free Report) - Investment analysts at William Blair issued their FY2027 earnings per share (EPS) estimates for ManpowerGroup in a report released on Friday, July 18th. William Blair analyst T. Romeo anticipates that the business services provider will post earnings per share of $5.22 for the year. The consensus estimate for ManpowerGroup's current full-year earnings is $4.23 per share.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The business services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the company earned $1.30 earnings per share. The business's revenue for the quarter was down .5% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. Truist Financial cut their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. Wall Street Zen raised shares of ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $55.00 to $50.00 in a report on Thursday, April 10th. BMO Capital Markets lowered their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, ManpowerGroup presently has an average rating of "Hold" and a consensus price target of $48.20.

ManpowerGroup Stock Down 2.3%

Shares of NYSE:MAN opened at $43.32 on Monday. The firm has a fifty day moving average price of $42.17 and a two-hundred day moving average price of $49.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 1.12. ManpowerGroup has a one year low of $37.99 and a one year high of $77.85. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -114.00 and a beta of 1.07.

Institutional Trading of ManpowerGroup

A number of hedge funds have recently made changes to their positions in MAN. Northern Trust Corp raised its position in ManpowerGroup by 24.0% in the 4th quarter. Northern Trust Corp now owns 437,495 shares of the business services provider's stock worth $25,252,000 after purchasing an additional 84,741 shares during the period. Perigon Wealth Management LLC purchased a new position in ManpowerGroup in the 1st quarter worth $253,000. GAMMA Investing LLC raised its position in ManpowerGroup by 190.6% in the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock worth $43,000 after purchasing an additional 488 shares during the period. Janney Montgomery Scott LLC purchased a new position in ManpowerGroup in the 1st quarter worth $887,000. Finally, Allspring Global Investments Holdings LLC raised its position in ManpowerGroup by 79.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 53,703 shares of the business services provider's stock worth $3,150,000 after purchasing an additional 23,795 shares during the period. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.72 per share. This represents a dividend yield of 3.5%. The ex-dividend date was Monday, June 2nd. ManpowerGroup's dividend payout ratio is currently -378.95%.

About ManpowerGroup

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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