ManpowerGroup (MAN) Set to Announce Quarterly Earnings on Thursday

ManpowerGroup (NYSE:MAN) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 18th. Analysts expect ManpowerGroup to post earnings of $0.89 per share for the quarter. ManpowerGroup has set its Q1 2024 guidance at 0.880-0.980 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

ManpowerGroup (NYSE:MAN) last issued 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. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.57 billion. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.08 EPS. On average, analysts expect ManpowerGroup to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

ManpowerGroup Stock Down 0.8 %

Shares of NYSE:MAN opened at $70.01 on Wednesday. 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 52-week low of $67.35 and a 52-week high of $88.91. The company has a market capitalization of $3.39 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. The company has a fifty day moving average of $73.31 and a 200-day moving average of $74.38.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors raised its stake in ManpowerGroup by 72.6% during the 1st quarter. Captrust Financial Advisors now owns 858 shares of the business services provider’s stock worth $81,000 after buying an additional 361 shares during the period. Penserra Capital Management LLC bought a new stake in ManpowerGroup during the 3rd quarter valued at $97,000. Industrial Alliance Investment Management Inc. raised its holdings in ManpowerGroup by 671.3% during the fourth quarter. Industrial Alliance Investment Management Inc. now owns 1,211 shares of the business services provider’s stock worth $101,000 after buying an additional 1,054 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of ManpowerGroup by 14.4% in the second quarter. Lazard Asset Management LLC now owns 1,737 shares of the business services provider’s stock valued at $137,000 after buying an additional 219 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of ManpowerGroup by 171.5% during the first quarter. Covestor Ltd now owns 1,857 shares of the business services provider’s stock valued at $174,000 after buying an additional 1,173 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Analysts Set New Price Targets

MAN has been the subject of several recent research reports. William Blair began coverage on ManpowerGroup in a research note on Monday, January 8th. They issued a “market perform” rating for the company. Truist Financial increased their price objective on ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. BMO Capital Markets reduced their price target on 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 research report on Wednesday, January 31st. Finally, BNP Paribas reissued an “underperform” rating and set a $70.00 target price on shares of ManpowerGroup in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.00.

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.