ManpowerGroup (NYSE:MAN) Issues Q3 2024 Earnings Guidance

ManpowerGroup (NYSE:MAN) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.250-1.350 for the period, compared to the consensus EPS estimate of 1.360. The company issued revenue guidance of -. ManpowerGroup also updated its Q3 guidance to $1.25-1.35 EPS.

ManpowerGroup Price Performance

NYSE MAN opened at $71.44 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.17 and a current ratio of 1.14. The firm’s 50 day moving average price is $72.35 and its 200-day moving average price is $73.74. ManpowerGroup has a 52-week low of $66.03 and a 52-week high of $86.03. The company has a market cap of $3.41 billion, a PE ratio of 73.65, a P/E/G ratio of 1.54 and a beta of 1.47.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the firm earned $1.58 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. Sell-side analysts forecast that ManpowerGroup will post 5 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were given a dividend of $1.54 per share. This is a boost from ManpowerGroup’s previous semi-annual dividend of $1.47. The ex-dividend date was Monday, June 3rd. This represents a yield of 3.8%. ManpowerGroup’s dividend payout ratio is presently 317.53%.

Analyst Upgrades and Downgrades

MAN has been the subject of a number of analyst reports. BMO Capital Markets increased their target price on shares of ManpowerGroup from $80.00 to $87.00 and gave the company a market perform rating in a research report on Friday. BNP Paribas raised shares of ManpowerGroup from an underperform rating to an outperform rating and set a $92.00 target price for the company in a research report on Tuesday, June 11th. JPMorgan Chase & Co. decreased their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a neutral rating for the company in a report on Friday. Finally, UBS Group reduced their target price on shares of ManpowerGroup from $81.00 to $80.00 and set a neutral rating for the company in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, ManpowerGroup has an average rating of Hold and an average price target of $83.71.

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.