William Blair Reduces Earnings Estimates for ManpowerGroup

ManpowerGroup Inc. (NYSE:MAN) – Equities researchers at William Blair dropped their FY2024 earnings per share estimates for shares of ManpowerGroup in a research report issued to clients and investors on Wednesday, January 22nd. William Blair analyst T. Romeo now anticipates that the business services provider will post earnings per share of $4.52 for the year, down from their previous estimate of $4.56. The consensus estimate for ManpowerGroup’s current full-year earnings is $4.54 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.

Several other brokerages have also issued reports on MAN. Barclays reduced their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. UBS Group lowered their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. BMO Capital Markets cut their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. Finally, Truist Financial dropped their price objective on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.67.

ManpowerGroup Price Performance

ManpowerGroup stock opened at $60.35 on Thursday. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 76.39 and a beta of 1.46. ManpowerGroup has a 12-month low of $53.70 and a 12-month high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $59.63 and its 200 day simple moving average is $66.42.

Institutional Investors Weigh In On ManpowerGroup

Several large investors have recently modified their holdings of MAN. WFA Asset Management Corp bought a new position in shares of ManpowerGroup during the 4th quarter valued at about $35,000. Blue Trust Inc. lifted its stake in ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after buying an additional 375 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of ManpowerGroup in the third quarter valued at approximately $54,000. Abich Financial Wealth Management LLC increased its position in shares of ManpowerGroup by 34.8% during the second quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock worth $55,000 after acquiring an additional 203 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of ManpowerGroup during the fourth quarter worth $95,000. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.545 per share. 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. This represents a $6.18 annualized dividend and a yield of 10.24%. ManpowerGroup’s payout ratio is currently 389.88%.

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.