Manpower Inc . (MAN) stock has touched a 52-week low, dipping to $61.46, as the company faces headwinds in the global staffing industry. This latest price level reflects a significant downturn from previous periods, marking a concerning milestone for investors and stakeholders. Over the past year, Manpower’s stock has experienced a notable decline, with a 1-year change showing a decrease of -17.64%. This downward trend highlights the challenges the company has been facing in a competitive and ever-evolving market, raising questions about future strategies and recovery plans.
In other recent news, ManpowerGroup (NYSE:) declared a semi-annual dividend of $1.54 per share, reflecting the company’s financial health and commitment to its investors. Concurrently, the company reported a 2% decline in third-quarter revenue, totaling $4.5 billion, and an 8% year-over-year decrease in adjusted earnings per share, falling to $1.29. However, Manpower’s Talent Solutions revenue saw a 7% rise, primarily driven by a 9% revenue increase in Japan.
Following these developments, BMO Capital Markets, Goldman Sachs, Jefferies, and Truist Securities have all adjusted their outlooks on the company. BMO Capital Markets reduced the price target on Manpower shares to $71.00, while Goldman Sachs maintained a Sell rating with a steady price target of $64.00. Jefferies lowered the company’s price target from $70.00 to $65.00, and Truist Securities revised its price target from $78 to $74.
These revisions were influenced by Manpower’s fourth-quarter revenue and earnings per share guidance, which fell short of both firms’ and consensus estimates, revealing noticeable weakness in Northern Europe. Truist Securities anticipates Manpower to experience approximately flat EBITDA growth in 2025, with a more robust growth of around 30% in EBITDA projected for 2026, despite potential financial challenges due to a higher tax rate in France. These are recent developments in the company’s financial outlook.
InvestingPro Insights
Despite Manpower Inc. (MAN) touching a 52-week low, InvestingPro data reveals some interesting aspects of the company’s financial health and market position. The company’s P/E Ratio (Adjusted) stands at 17.94, suggesting a more moderate valuation compared to its unadjusted P/E of 77.98. This discrepancy might indicate potential for value investors to take a closer look.
An InvestingPro Tip highlights that Manpower has maintained dividend payments for 31 consecutive years, demonstrating a commitment to shareholder returns even in challenging times. This is further supported by the current dividend yield of 4.88%, which could be attractive to income-focused investors.
Another InvestingPro Tip notes that management has been aggressively buying back shares, potentially signaling confidence in the company’s long-term prospects despite recent stock price declines.
For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips that could provide deeper insights into Manpower’s financial situation and future outlook.
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