William Blair Forecasts ManpowerGroup FY2027 Earnings

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

A number of other brokerages have also recently issued reports on MAN. JPMorgan Chase & Co. lowered their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. UBS Group boosted their price objective on ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. BMO Capital Markets lowered their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Truist Financial lowered their price objective on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Finally, Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $48.20.

ManpowerGroup Stock Performance

ManpowerGroup stock traded down $0.25 during midday trading on Monday, reaching $44.82. The stock had a trading volume of 764,618 shares, compared to its average volume of 1,104,639. ManpowerGroup has a 12 month low of $37.99 and a 12 month high of $77.85. The firm's 50-day moving average price is $42.22 and its 200 day moving average price is $49.69. The firm has a market capitalization of $2.07 billion, a PE ratio of -117.95 and a beta of 1.07. The company has a quick ratio of 1.12, a current ratio of 0.98 and a debt-to-equity ratio of 0.24.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.34 billion. During the same period in the previous year, the business posted $1.30 EPS. The firm's quarterly revenue was down .5% compared to the same quarter last year.

Institutional Investors Weigh In On ManpowerGroup

Hedge funds and other institutional investors have recently modified their holdings of the stock. Colonial Trust Co SC bought a new stake in shares of ManpowerGroup during the fourth quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ManpowerGroup during the first quarter valued at about $30,000. Fifth Third Bancorp increased its position in shares of ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock valued at $43,000 after buying an additional 243 shares during the period. GAMMA Investing LLC grew its holdings in shares of ManpowerGroup by 190.6% during the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock worth $43,000 after purchasing an additional 488 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of ManpowerGroup by 131.7% during the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider's stock worth $52,000 after purchasing an additional 511 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given 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 presently -378.95%.

ManpowerGroup Company Profile

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.