William Blair Weighs in on ManpowerGroup Inc.’s Q2 2024 Earnings (NYSE:MAN)

ManpowerGroup Inc. (NYSE:MAN) – Equities research analysts at William Blair lowered their Q2 2024 earnings per share estimates for ManpowerGroup in a report released on Thursday, April 18th. William Blair analyst T. Romeo now anticipates that the business services provider will post earnings per share of $1.29 for the quarter, down from their prior estimate of $1.36. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for ManpowerGroup’s current full-year earnings is $4.99 per share. William Blair also issued estimates for ManpowerGroup’s Q3 2024 earnings at $1.39 EPS, Q4 2024 earnings at $1.41 EPS, Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $1.64 EPS, Q3 2025 earnings at $1.75 EPS, Q4 2025 earnings at $1.78 EPS and FY2025 earnings at $6.27 EPS.

MAN has been the subject of several other reports. UBS Group decreased their price target on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday. JPMorgan Chase & Co. boosted their target price on ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday. Truist Financial increased their target price on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. BNP Paribas reaffirmed an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a report on Friday, January 5th. Finally, StockNews.com cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, ManpowerGroup presently has an average rating of “Hold” and an average price target of $83.00.

ManpowerGroup Stock Performance

NYSE MAN opened at $75.65 on Monday. The firm’s 50 day simple moving average is $73.36 and its 200 day simple moving average is $74.41. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 77.99, a P/E/G ratio of 0.64 and a beta of 1.54. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. ManpowerGroup has a 1 year low of $67.35 and a 1 year high of $88.91.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in ManpowerGroup by 345.1% during the 3rd quarter. CWM LLC now owns 365 shares of the business services provider’s stock worth $27,000 after buying an additional 283 shares during the period. Venturi Wealth Management LLC increased its position in shares of ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after buying an additional 160 shares during the period. Exchange Traded Concepts LLC raised its stake in ManpowerGroup by 19.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock worth $74,000 after buying an additional 162 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in ManpowerGroup by 145.7% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock valued at $86,000 after buying an additional 644 shares during the period. Finally, Impact Partnership Wealth LLC acquired a new position in ManpowerGroup in the third quarter valued at $137,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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.