Brokers Offer Predictions for ManpowerGroup FY2024 Earnings

ManpowerGroup Inc. (NYSE:MAN) – Stock analysts at William Blair decreased their FY2024 earnings per share (EPS) estimates for shares of ManpowerGroup in a note issued to investors on Thursday, October 17th. William Blair analyst T. Romeo now anticipates that the business services provider will post earnings of $4.56 per share for the year, down from their prior forecast of $4.92. The consensus estimate for ManpowerGroup’s current full-year earnings is $4.87 per share. William Blair also issued estimates for ManpowerGroup’s Q3 2025 earnings at $1.55 EPS.

A number of other analysts have also recently issued reports on the stock. Truist Financial reduced their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their price objective on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, July 19th. UBS Group lowered their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday. Finally, BMO Capital Markets decreased their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $76.60.

ManpowerGroup Price Performance

NYSE MAN opened at $62.59 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45. ManpowerGroup has a 12 month low of $62.12 and a 12 month high of $80.25. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 64.53 and a beta of 1.45. The company’s 50 day moving average is $71.58 and its two-hundred day moving average is $72.57.

Institutional Trading of ManpowerGroup

A number of large investors have recently made changes to their positions in the business. Blue Trust Inc. grew its position in 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 acquiring an additional 375 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of ManpowerGroup by 62.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after purchasing an additional 224 shares during the period. FinTrust Capital Advisors LLC bought a new position in shares of ManpowerGroup during the 1st quarter valued at approximately $47,000. Headlands Technologies LLC purchased a new stake in ManpowerGroup during the 2nd quarter valued at $47,000. Finally, Advisors Asset Management Inc. bought a new stake in ManpowerGroup in the first quarter worth $49,000. 98.03% of the stock is currently owned by institutional investors.

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.