ManpowerGroup (NYSE:MAN) Updates Q3 2024 Earnings Guidance

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

Analyst Ratings Changes

Several brokerages have issued reports on MAN. BNP Paribas raised ManpowerGroup from an underperform rating to an outperform rating and set a $92.00 target price for the company in a research note on Tuesday, June 11th. BMO Capital Markets upped their target price on ManpowerGroup from $80.00 to $87.00 and gave the stock a market perform rating in a research note on Friday. UBS Group lowered their price objective on ManpowerGroup from $81.00 to $80.00 and set a neutral rating for the company in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. lowered their price objective on ManpowerGroup from $84.00 to $75.00 and set a neutral rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $83.71.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock opened at $71.44 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. 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. The business has a 50 day moving average of $72.35 and a 200 day moving average of $73.78. ManpowerGroup has a 52 week low of $66.03 and a 52 week high of $86.03.

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

ManpowerGroup Increases Dividend

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

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.