ManpowerGroup (NYSE:MAN) Releases Q4 2024 Earnings Guidance

ManpowerGroup (NYSE:MAN) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.980-1.080 for the period, compared to the consensus EPS estimate of 1.300. The company issued revenue guidance of -. ManpowerGroup also updated its Q4 guidance to $0.98-1.08 EPS.

ManpowerGroup Stock Down 9.8 %

ManpowerGroup stock opened at $67.05 on Friday. ManpowerGroup has a fifty-two week low of $65.81 and a fifty-two week high of $80.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 69.12 and a beta of 1.45. The company’s 50 day simple moving average is $71.81 and its 200 day simple moving average is $72.74.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.03. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the previous year, the business earned $1.58 EPS. The firm’s revenue was down 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that ManpowerGroup will post 4.87 EPS for the current year.

Wall Street Analysts Forecast Growth

MAN has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective 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 lifted their price target on shares of ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $82.40.

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.