ManpowerGroup (NYSE:MAN) Updates Q4 Earnings Guidance

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

Wall Street Analysts Forecast Growth

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

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $67.05 on Friday. ManpowerGroup has a twelve month low of $65.81 and a twelve month high of $80.25. The company has a market cap of $3.20 billion, a PE ratio of 69.12 and a beta of 1.45. The business’s 50 day moving average price is $71.81 and its two-hundred day moving average price is $72.74. 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 (NYSE:MAN) last posted its earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share 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 business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the firm earned $1.58 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. On average, analysts predict that ManpowerGroup will post 4.87 EPS for the current 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.