ManpowerGroup (NYSE:MAN) Issues Q4 Earnings Guidance

ManpowerGroup (NYSE:MAN) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.98-1.08 for the period, compared to the consensus estimate of $1.37. ManpowerGroup also updated its Q4 2024 guidance to 0.980-1.080 EPS.

Analysts Set New Price Targets

A number of research firms have weighed in on MAN. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. BMO Capital Markets upped their price target on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $82.40.

ManpowerGroup Stock Performance

Shares of MAN opened at $74.26 on Thursday. ManpowerGroup has a 52 week low of $66.03 and a 52 week high of $80.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.54 billion, a P/E ratio of 76.56 and a beta of 1.45. The business’s 50 day moving average price is $71.89 and its 200-day moving average price is $72.78.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. Equities research analysts anticipate that ManpowerGroup will post 4.87 earnings per share for the current fiscal year.

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.