ManpowerGroup (NYSE:MAN – Get Free Report) released its quarterly earnings data on Thursday. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03, FiscalAI reports. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.72 billion. ManpowerGroup had a positive return on equity of 7.01% and a negative net margin of 0.09%.During the same period last year, the firm posted ($1.44) earnings per share. ManpowerGroup updated its Q3 2026 guidance to 0.960-1.060 EPS.
Here are the key takeaways from ManpowerGroup’s conference call:
- ManpowerGroup said second-quarter results came in ahead of expectations, with reported revenue of $4.9 billion, constant-currency growth of 6%, and adjusted EBITDA margin of 2.1%.
- Manpower continued to lead the turnaround, posting its fifth straight quarter of growth and 8% constant-currency revenue growth, with especially strong performance in the U.S. and improving demand across key verticals.
- Experis and Talent Solutions both improved sequentially, helped by stronger pipeline momentum and demand for cloud migration, application development, data, AI, RPO, and MSP services.
- The company highlighted progress on its transformation program, including a completed sale of Jefferson Wells’ U.S. business and a plan to deliver $200 million in permanent cost savings by 2028.
- Management said its AI initiatives are already producing results, including a 67% decrease in time to fill for early interview tools, and it expects AI-driven partnerships to generate $50 million to $100 million in revenue this year.
ManpowerGroup Trading Up 32.2%
MAN opened at $51.59 on Friday. ManpowerGroup has a fifty-two week low of $25.15 and a fifty-two week high of $53.00. The firm has a market capitalization of $2.40 billion, a PE ratio of -139.42 and a beta of 0.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.12 and a quick ratio of 1.12. The company’s 50-day moving average is $33.26 and its 200 day moving average is $30.97.
ManpowerGroup Announces Dividend
Analysts Set New Price Targets
Several brokerages have recently commented on MAN. Robert W. Baird lowered their target price on shares of ManpowerGroup from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Wall Street Zen lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. UBS Group lifted their price objective on ManpowerGroup from $33.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday. Truist Financial cut their target price on ManpowerGroup from $38.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, April 17th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of ManpowerGroup in a research report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.50.
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Key Headlines Impacting ManpowerGroup
Here are the key news stories impacting ManpowerGroup this week:
- Positive Sentiment: Q2 adjusted EPS came in at $0.99, above the $0.96 estimate, showing stronger-than-expected profitability. Article Title
- Positive Sentiment: Revenue reached $4.86 billion to $4.9 billion, ahead of estimates and up year over year, reflecting improved global demand across the U.S., Latin America, APME, and parts of Europe. Article Title
- Positive Sentiment: Management highlighted growth in Manpower and improving Experis trends, suggesting the core staffing businesses are stabilizing and gaining momentum. Article Title
- Positive Sentiment: The company also pointed to an AI-related shift and longer-term cost-saving goals, including $200 million in 2028 savings, which may support margins if execution continues. Article Title
Hedge Funds Weigh In On ManpowerGroup
Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of ManpowerGroup in the 3rd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in ManpowerGroup during the third quarter valued at about $30,000. Parallel Advisors LLC lifted its holdings in ManpowerGroup by 1,443.4% during the fourth quarter. Parallel Advisors LLC now owns 2,099 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,963 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of ManpowerGroup by 177.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,773 shares of the business services provider’s stock worth $72,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of ManpowerGroup in the second quarter valued at approximately $93,000. Institutional investors own 98.03% of the company’s stock.
ManpowerGroup Company Profile
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.
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