FY2024 EPS Estimate for ManpowerGroup Lowered by Analyst

ManpowerGroup Inc. (NYSE:MAN - Free Report) - Stock analysts at William Blair dropped their FY2024 earnings per share estimates for ManpowerGroup in a research report issued to clients and investors on Wednesday, January 22nd. William Blair analyst T. Romeo now expects that the business services provider will post earnings per share of $4.52 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 equities research analysts have also recently commented on the company. UBS Group decreased their price objective on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. BMO Capital Markets lowered their price target on ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating for the company in a research note on Friday, October 18th. Truist Financial reduced their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a "hold" rating on the stock in a research note on Friday, October 18th. Finally, Barclays cut their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a report on Friday, January 3rd. One investment 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. According to data from MarketBeat.com, ManpowerGroup presently has a consensus rating of "Hold" and an average target price of $71.67.

ManpowerGroup Trading Up 0.6 %

NYSE MAN traded up $0.37 during trading hours on Thursday, hitting $60.61. The company's stock had a trading volume of 266,606 shares, compared to its average volume of 591,347. The stock has a fifty day moving average of $59.71 and a 200 day moving average of $66.53. The firm has a market capitalization of $2.85 billion, a P/E ratio of 76.77 and a beta of 1.46. ManpowerGroup has a twelve month low of $53.70 and a twelve 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.

Institutional Investors Weigh In On ManpowerGroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV acquired a new position in ManpowerGroup during the second quarter valued at approximately $130,000. Hsbc Holdings PLC boosted its holdings in shares of ManpowerGroup by 103.6% in the 2nd quarter. Hsbc Holdings PLC now owns 37,747 shares of the business services provider's stock valued at $2,630,000 after buying an additional 19,207 shares during the last quarter. XTX Topco Ltd grew its stake in shares of ManpowerGroup by 24.5% in the second quarter. XTX Topco Ltd now owns 6,696 shares of the business services provider's stock valued at $467,000 after buying an additional 1,316 shares in the last quarter. Intech Investment Management LLC bought a new stake in ManpowerGroup during the second quarter worth $824,000. Finally, Marshall Wace LLP acquired a new stake in ManpowerGroup in the second quarter valued at $1,169,000. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $1.545 per share. This is a boost from ManpowerGroup's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.18 annualized dividend and a yield of 10.20%. ManpowerGroup's dividend payout ratio is presently 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.