ManpowerGroup (NYSE:MAN) Updates Q3 Earnings Guidance

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

Analysts Set New Price Targets

Several research analysts have issued reports on MAN shares. BNP Paribas upgraded 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. boosted their target price on ManpowerGroup from $82.00 to $84.00 and gave the company a neutral rating in a research report on Friday, April 19th. BMO Capital Markets boosted their target price on ManpowerGroup from $81.00 to $84.00 and gave the company a market perform rating in a research report on Monday, April 22nd. Finally, UBS Group dropped their target price on ManpowerGroup from $81.00 to $80.00 and set a neutral rating for the company in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $84.57.

ManpowerGroup Stock Performance

Shares of NYSE:MAN opened at $74.00 on Thursday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 76.49, a price-to-earnings-growth ratio of 1.52 and a beta of 1.47. ManpowerGroup has a 52 week low of $66.03 and a 52 week high of $88.91. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $72.51 and a 200 day moving average of $73.84.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 earnings per share. On average, sell-side analysts predict that ManpowerGroup will post 5 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were issued a dividend of $1.54 per share. The ex-dividend date was Monday, June 3rd. This is a positive change from ManpowerGroup’s previous semi-annual dividend of $1.47. This represents a dividend yield of 3.8%. ManpowerGroup’s payout ratio is 317.53%.

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.