Analysts Set Expectations for ManpowerGroup FY2024 Earnings

ManpowerGroup Inc. (NYSE:MAN) – Stock analysts at William Blair dropped their FY2024 earnings per share (EPS) estimates for ManpowerGroup in a note issued to investors on Wednesday, January 22nd. William Blair analyst T. Romeo now forecasts that the business services provider will post earnings of $4.52 per share for the year, down from their prior forecast of $4.56. The consensus estimate for ManpowerGroup’s current full-year earnings is $4.55 per share. William Blair also issued estimates for ManpowerGroup’s Q4 2024 earnings at $0.98 EPS, FY2025 earnings at $4.69 EPS and FY2026 earnings at $5.66 EPS.

A number of other research analysts have also recently issued reports on MAN. UBS Group decreased their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Truist Financial decreased their price target on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Friday, October 18th. Barclays reduced their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. Finally, BMO Capital Markets decreased their target price on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $71.67.

ManpowerGroup Price Performance

MAN stock opened at $60.31 on Thursday. The company’s 50-day moving average price is $59.71 and its two-hundred day moving average price is $66.53. ManpowerGroup has a 12 month low of $53.70 and a 12 month high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.83 billion, a P/E ratio of 76.34 and a beta of 1.46.

Hedge Funds Weigh In On ManpowerGroup

Several large investors have recently bought and sold shares of MAN. AQR Capital Management LLC increased its stake in shares of ManpowerGroup by 55.3% in the second quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock valued at $112,264,000 after buying an additional 573,027 shares during the period. Pacer Advisors Inc. grew its holdings in ManpowerGroup by 12,496.6% during the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after acquiring an additional 894,379 shares during the last quarter. Geode Capital Management LLC increased its position in ManpowerGroup by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock valued at $58,444,000 after acquiring an additional 4,113 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of ManpowerGroup by 6.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock valued at $40,414,000 after acquiring an additional 32,083 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of ManpowerGroup by 163.7% during the second quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after acquiring an additional 253,287 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $1.545 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 10.25%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s payout ratio is currently 389.88%.

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.