ManpowerGroup (NYSE:MAN – Get Free Report) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.24-1.34 for the period, compared to the consensus earnings per share estimate of $1.23. ManpowerGroup also updated its Q2 2024 guidance to 1.240-1.340 EPS.
ManpowerGroup Trading Up 1.1 %
NYSE:MAN opened at $74.84 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.62 billion, a PE ratio of 77.16, a price-to-earnings-growth ratio of 0.63 and a beta of 1.54. The firm’s 50 day moving average is $73.32 and its 200 day moving average is $74.37. ManpowerGroup has a 12 month low of $67.35 and a 12 month high of $88.91.
ManpowerGroup (NYSE:MAN – Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. ManpowerGroup’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. Sell-side analysts expect that ManpowerGroup will post 5 earnings per share for the current year.
Wall Street Analyst Weigh In
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Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Comerica Bank purchased a new position in shares of ManpowerGroup during the 2nd quarter valued at $470,000. Captrust Financial Advisors grew its position in shares of ManpowerGroup by 72.6% during the 1st quarter. Captrust Financial Advisors now owns 858 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 361 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its position in shares of ManpowerGroup by 671.3% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 1,211 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 1,054 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of ManpowerGroup during the 3rd quarter valued at $97,000. Finally, Lazard Asset Management LLC grew its position in shares of ManpowerGroup by 14.4% during the 2nd quarter. Lazard Asset Management LLC now owns 1,737 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 219 shares in the last quarter. 98.03% of the stock is currently 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.
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