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 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.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $74.26 on Thursday. 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 PE ratio of 76.56 and a beta of 1.45. The company’s fifty day moving average is $71.89 and its 200 day moving average is $72.78. ManpowerGroup has a 52 week low of $66.03 and a 52 week high of $80.25.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share for the quarter, beating 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 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 company posted $1.58 EPS. ManpowerGroup’s revenue for the quarter was down 6.9% on a year-over-year basis. Research analysts anticipate that ManpowerGroup will post 4.87 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on MAN shares. BMO Capital Markets increased their price objective on ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. dropped their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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.