ManpowerGroup (NYSE:MAN – Get Free Report) announced its quarterly earnings results on Thursday. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04, Briefing.com reports. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company posted $1.61 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. ManpowerGroup updated its Q2 2024 guidance to 1.240-1.340 EPS and its Q2 guidance to $1.24-1.34 EPS.
ManpowerGroup Stock Performance
Shares of MAN opened at $74.03 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $73.28 and a two-hundred day simple moving average of $74.35. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 0.60 and a beta of 1.54. ManpowerGroup has a 52 week low of $67.35 and a 52 week high of $88.91.
Institutional Trading of ManpowerGroup
A number of hedge funds and other institutional investors have recently bought and sold shares of MAN. Schonfeld Strategic Advisors LLC purchased a new stake in shares of ManpowerGroup during the second quarter worth about $247,000. Advisor Partners II LLC purchased a new stake in shares of ManpowerGroup during the fourth quarter worth about $232,000. Rockefeller Capital Management L.P. grew its position in shares of ManpowerGroup by 171.1% during the first quarter. Rockefeller Capital Management L.P. now owns 2,744 shares of the business services provider’s stock worth $225,000 after purchasing an additional 1,732 shares in the last quarter. Corton Capital Inc. purchased a new stake in shares of ManpowerGroup during the first quarter worth about $209,000. Finally, LPL Financial LLC purchased a new stake in shares of ManpowerGroup during the fourth quarter worth about $206,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Research Report on ManpowerGroup
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.
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