William Blair Reduces Earnings Estimates for ManpowerGroup

ManpowerGroup Inc. (NYSE:MAN) – Stock analysts at William Blair cut their FY2024 earnings per share (EPS) estimates for ManpowerGroup in a research report issued to clients and investors on Wednesday, January 22nd. William Blair analyst T. Romeo now expects that the business services provider will post earnings per share of $4.52 for the year, down from their previous 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.

MAN has been the topic of several other reports. 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. UBS Group lowered their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. BMO Capital Markets reduced their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Finally, Barclays lowered their target price 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $71.67.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $60.84 on Thursday. ManpowerGroup has a twelve month low of $53.70 and a twelve month high of $78.87. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a market cap of $2.86 billion, a PE ratio of 77.02 and a beta of 1.46. The company’s 50 day moving average is $59.66 and its 200 day moving average is $66.49.

Institutional Trading of ManpowerGroup

Several institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC raised its position in shares of ManpowerGroup by 39.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock worth $570,000 after purchasing an additional 2,208 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of ManpowerGroup by 168.4% during the third quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 18,764 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of ManpowerGroup during the third quarter valued at approximately $1,250,000. Advisors Asset Management Inc. lifted its position in shares of ManpowerGroup by 149.4% in the third quarter. Advisors Asset Management Inc. now owns 55,070 shares of the business services provider’s stock valued at $4,049,000 after acquiring an additional 32,992 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of ManpowerGroup in the third quarter worth approximately $636,000. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $1.545 dividend. This is a boost from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 10.16%. ManpowerGroup’s dividend payout ratio is presently 389.88%.

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.