Profile
Sector:
IndustrialsIndustry:
Staffing & Employment ServicesCountry:
United StatesIPO:
05 October 1988Website:
http://www.manpowergroup.comNext earnings report:
30 January 2025Last dividends:
03 June 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:39:16 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
MAN Latest News
Longtime partners to unveil innovative VR-powered career exploration technology, marking new chapter in commitment to youth development MILWAUKEE , Oct. 24, 2024 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) and Junior Achievement (JA) are marking their decades-long partnership with the unveiling of a transformative new career exploration experience at JA Finance Park in Milwaukee. The event celebrates both organizations' shared commitment to youth education and introduces cutting-edge Virtual Reality (VR) technology designed to revolutionize how students discover and prepare for future careers.
MAN's third-quarter 2024 earnings and revenues decline year over year.
I have downgraded ManpowerGroup to a Hold due to the company's disappointing Q4 2024 guidance, but MAN isn't a Sell considering its attractive valuation post-earnings announcement price correction. MAN's Q3 2024 results met expectations, but its guidance implies a -3% YoY revenue decline and a significant drop in normalized EPS for Q4. The stock's valuations are appealing, taking into account its historical trading averages and its earnings growth track record.
ManpowerGroup's Q3 '24 results showed mixed performance, with revenues slightly above expectations but EPS below, leading to a nearly 10% share price drop. The company's guidance for Q4, with lower-than-expected EPS and declining revenues, suggests continued market weakness and uncertainty. Despite cautious optimism, I see no clear signs of recovery; thus, I maintain a hold rating, awaiting better market conditions.
ManpowerGroup (MAN) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.38 per share a year ago.
Revenues of $4.5 billion (-3% as reported, -2% constant currency) Continuation of challenging environment in North America and Europe during the quarter, good demand in Latin America and Asia-Pacific region Gross profit margin of 17.3%. Staffing margins remained solid; permanent recruitment levels stable SG&A reductions reflect adjustments to market conditions during the quarter (-5% both as reported and constant currency as adjusted1) U.S. business launched innovative Manpower branch offices inside select Walmart locations during the quarter Reached agreement to sell our South Korea business, which will operate as a Manpower Franchise in the future $29 million of common stock repurchased during the quarter MILWAUKEE , Oct. 17, 2024 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today reported net earnings of $0.47 per diluted share for the three months ended September 30, 2024 compared to net earnings of $0.60 per diluted share in the prior year period.
ManpowerGroup Inc. (NYSE:MAN ) Q3 2024 Results Conference Call October 17, 2024 8:30 AM ET Company Participants Jonas Prising - Chairman and Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Kartik Mehta - Northcoast Research Trevor Romeo - William Blair Mark Marcon - Baird George Tong - Goldman Sachs Princy Thomas - Barclays Josh Chan - UBS Tobey Sommer - Truist Operator Welcome to ManpowerGroup's Third Quarter Earnings Results Conference Call. You'll be put in listen-only mode until the question-and-answer time begins.
MILWAUKEE , Oct. 1, 2024 /PRNewswire/ -- ManpowerGroup (NYSE: MAN), the world leader in innovative workforce solutions, today announced that it plans to release 3rd quarter earnings results before the market opens on Thursday, October 17, 2024. Management will discuss the results the same day in a live webcast at 7:30 a.m.
Acquisitions aid MAN's top line. The company executes strong pricing and cost control to improve its bottom line.
Ranked #7 Overall and Celebrated for Excellence in Service and Deal Size MILWAUKEE , Sept. 30, 2024 /PRNewswire/ -- Talent Solutions RPO , a global leader in workforce solutions and part of the ManpowerGroup (NYSE: MAN) family of brands, today announced its inclusion in the highly regarded HRO Today's 2024 Baker's Dozen Customer Satisfaction Ratings for Recruitment Process Outsourcing (RPO).
What type of business is ManpowerGroup?
ManpowerGroup Inc. provides staffing solutions and services in America, Southern Europe, Northern Europe, and the Asia-Pacific region, the Middle East region. The company offers recruitment services, including permanent, temporary, and contract staffing of specialists, as well as administrative and production positions under the brands Manpower and Experis. ManpowerGroup Inc. operates through a network of approximately 2,500 branches in 75 countries and territories. The company ManpowerGroup Inc. was founded in 1948 and is headquartered in Milwaukee, Wisconsin.
What sector is ManpowerGroup in?
ManpowerGroup is in the Industrials sector
What industry is ManpowerGroup in?
ManpowerGroup is in the Staffing & Employment Services industry
What country is ManpowerGroup from?
ManpowerGroup is headquartered in United States
When did ManpowerGroup go public?
ManpowerGroup initial public offering (IPO) was on 05 October 1988
What is ManpowerGroup website?
https://www.manpowergroup.com
Is ManpowerGroup in the S&P 500?
No, ManpowerGroup is not included in the S&P 500 index
Is ManpowerGroup in the NASDAQ 100?
No, ManpowerGroup is not included in the NASDAQ 100 index
Is ManpowerGroup in the Dow Jones?
No, ManpowerGroup is not included in the Dow Jones index
When was ManpowerGroup the previous earnings report?
No data
When does ManpowerGroup earnings report?
The next expected earnings date for ManpowerGroup is 30 January 2025