William Blair Decreases Earnings Estimates for ManpowerGroup

ManpowerGroup Inc. (NYSE:MAN) – Equities research analysts at William Blair decreased their FY2024 earnings per share (EPS) estimates for 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 previous 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.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.53 billion. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share.

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

ManpowerGroup Price Performance

Shares of ManpowerGroup stock opened at $65.25 on Monday. The stock’s fifty day moving average is $71.72 and its 200 day moving average is $72.66. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. ManpowerGroup has a one year low of $64.35 and a one year high of $80.25. The stock has a market cap of $3.11 billion, a P/E ratio of 67.27 and a beta of 1.45.

Institutional Investors Weigh In On ManpowerGroup

A number of institutional investors have recently added to or reduced their stakes in MAN. Blue Trust Inc. lifted its holdings 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 buying an additional 375 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in 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 in the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of ManpowerGroup during the 1st quarter valued at about $47,000. Advisors Asset Management Inc. purchased a new position in shares of ManpowerGroup during the first quarter valued at about $49,000. Finally, Headlands Technologies LLC bought a new stake in shares of ManpowerGroup in the second quarter worth about $47,000. 98.03% of the stock is owned by hedge funds and other 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.