FY2024 EPS Estimates for ManpowerGroup Lowered by Analyst

ManpowerGroup Inc. (NYSE:MAN) – Equities research analysts at William Blair dropped their FY2024 earnings per share estimates for ManpowerGroup in a research report issued on Wednesday, January 22nd. William Blair analyst T. Romeo now anticipates that the business services provider will post earnings of $4.52 per share for the year, down from their prior forecast of $4.56. The consensus estimate for ManpowerGroup’s current full-year earnings is $4.55 per share. William Blair also issued estimates for ManpowerGroup’s Q4 2024 earnings at $0.98 EPS, FY2025 earnings at $4.69 EPS and FY2026 earnings at $5.66 EPS.

A number of other equities analysts also recently weighed in on MAN. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. UBS Group decreased their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Truist Financial dropped their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Friday, October 18th. Finally, Barclays dropped their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $71.67.

ManpowerGroup Stock Down 0.7 %

ManpowerGroup stock opened at $60.31 on Thursday. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 76.34 and a beta of 1.46. ManpowerGroup has a 52-week low of $53.70 and a 52-week high of $78.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a 50 day moving average price of $59.71 and a two-hundred day moving average price of $66.53.

ManpowerGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $1.545 dividend. This represents a $6.18 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s dividend payout ratio is currently 389.88%.

Hedge Funds Weigh In On ManpowerGroup

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after purchasing an additional 375 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in ManpowerGroup during the third quarter worth $54,000. Abich Financial Wealth Management LLC raised its position in ManpowerGroup by 34.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock valued at $55,000 after buying an additional 203 shares during the last quarter. R Squared Ltd bought a new position in ManpowerGroup during the 4th quarter valued at $95,000. Finally, Venturi Wealth Management LLC boosted its holdings in ManpowerGroup by 400.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock worth $122,000 after acquiring an additional 1,333 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

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.