ManpowerGroup (NYSE:MAN) Hits New 52-Week High After Strong Earnings

ManpowerGroup Inc. (NYSE:MAN)’s stock price hit a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $51.10 and last traded at $49.6930, with a volume of 712093 shares trading hands. The stock had previously closed at $39.02.

The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.72 billion. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.01%. During the same quarter last year, the business posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS.

ManpowerGroup Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.72 dividend. This represents a dividend yield of 437.0%. The ex-dividend date of this dividend was Monday, June 1st. ManpowerGroup’s dividend payout ratio (DPR) is presently -389.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Robert W. Baird lowered their price objective on ManpowerGroup from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Wall Street Zen downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. The Goldman Sachs Group reissued a “neutral” rating on shares of ManpowerGroup in a research note on Friday, April 17th. Barclays reduced their price target on ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Finally, UBS Group upped their price objective on shares of ManpowerGroup from $33.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.50.

Institutional Investors Weigh In On ManpowerGroup

A number of large investors have recently made changes to their positions in MAN. AQR Capital Management LLC raised its holdings in ManpowerGroup by 60.3% in the 3rd quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock worth $140,394,000 after purchasing an additional 1,393,622 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of ManpowerGroup by 235.8% in the first quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock worth $52,850,000 after buying an additional 1,259,752 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of ManpowerGroup by 696.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 991,063 shares of the business services provider’s stock valued at $40,039,000 after purchasing an additional 866,693 shares during the last quarter. Millennium Management LLC grew its holdings in ManpowerGroup by 77.3% during the 4th quarter. Millennium Management LLC now owns 1,525,936 shares of the business services provider’s stock valued at $45,366,000 after buying an additional 665,135 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of ManpowerGroup in the fourth quarter valued at $14,420,000. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.12. The business’s fifty day moving average price is $32.84 and its two-hundred day moving average price is $30.82. The stock has a market capitalization of $2.33 billion, a P/E ratio of -135.56 and a beta of 0.73.

About ManpowerGroup

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.