ManpowerGroup (MAN) Set to Announce Earnings on Thursday

ManpowerGroup (NYSE:MAN) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 17th. Analysts expect the company to announce earnings of $1.28 per share for the quarter. ManpowerGroup has set its Q3 2024 guidance at 1.250-1.350 EPS and its Q3 guidance at $1.25-1.35 EPS.Parties interested in listening to the company’s conference call can do so using this link.

ManpowerGroup (NYSE:MAN) last posted its 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 business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the business earned $1.58 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, analysts expect ManpowerGroup to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

ManpowerGroup Stock Down 0.4 %

MAN opened at $72.00 on Wednesday. The firm has a 50 day moving average price of $71.79 and a 200-day moving average price of $72.77. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 74.23 and a beta of 1.45. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. ManpowerGroup has a twelve month low of $66.03 and a twelve month high of $80.25.

Analyst Ratings Changes

A number of analysts have commented on MAN shares. JPMorgan Chase & Co. reduced their target price on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company 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 report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.