ManpowerGroup (NYSE:MAN – Get Free Report) announced its quarterly earnings results on Thursday. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04, Briefing.com reports. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company posted $1.61 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. ManpowerGroup updated its Q2 2024 guidance to 1.240-1.340 EPS and its Q2 guidance to $1.24-1.34 EPS.
ManpowerGroup Price Performance
MAN stock opened at $74.03 on Friday. The company has a market capitalization of $3.58 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. The company’s fifty day moving average price is $73.28 and its 200-day moving average price is $74.35. ManpowerGroup has a one year low of $67.35 and a one year high of $88.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16.
Institutional Trading of ManpowerGroup
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC purchased a new position in shares of ManpowerGroup during the second quarter valued at about $247,000. Advisor Partners II LLC purchased a new position in ManpowerGroup during the 4th quarter valued at approximately $232,000. Rockefeller Capital Management L.P. increased its stake in ManpowerGroup by 171.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 2,744 shares of the business services provider’s stock worth $225,000 after acquiring an additional 1,732 shares during the last quarter. Corton Capital Inc. purchased a new stake in shares of ManpowerGroup during the 1st quarter worth approximately $209,000. Finally, LPL Financial LLC purchased a new stake in shares of ManpowerGroup during the 4th quarter worth approximately $206,000. 98.03% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
View Our Latest Stock Report on ManpowerGroup
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.
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