Canada markets closed
  • S&P/TSX

    19,062.91
    +345.81 (+1.85%)
     
  • S&P 500

    3,911.74
    +116.01 (+3.06%)
     
  • DOW

    31,500.68
    +823.28 (+2.68%)
     
  • CAD/USD

    0.7763
    +0.0004 (+0.06%)
     
  • CRUDE OIL

    107.84
    +0.22 (+0.20%)
     
  • BTC-CAD

    27,236.46
    -435.16 (-1.57%)
     
  • CMC Crypto 200

    461.67
    +7.77 (+1.71%)
     
  • GOLD FUTURES

    1,837.30
    +7.00 (+0.38%)
     
  • RUSSELL 2000

    1,765.74
    +54.07 (+3.16%)
     
  • 10-Yr Bond

    3.1250
    +0.0570 (+1.86%)
     
  • NASDAQ futures

    12,190.75
    +50.25 (+0.41%)
     
  • VOLATILITY

    27.23
    -1.82 (-6.27%)
     
  • FTSE

    7,208.81
    +188.36 (+2.68%)
     
  • NIKKEI 225

    26,768.77
    +276.80 (+1.04%)
     
  • CAD/EUR

    0.7352
    +0.0006 (+0.08%)
     

Here's Why You Should Hold on to ManpowerGroup (MAN) Stock

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

ManpowerGroup Inc.’s MAN shares have appreciated 12% over the past year. The company’s earnings are expected to increase 94.3% in 2021 and 20.2% in 2022, year over year.

ManpowerGroup Inc. Price

ManpowerGroup Inc. Price
ManpowerGroup Inc. Price

ManpowerGroup Inc. price | ManpowerGroup Inc. Quote

Factors That Auger Well

The recent acquisition of ettain group has expanded ManpowerGroup’s IT services in the financial and health care sectors, enhancing the company’s diversification in the United States, and increasing its strength in the digital workspace and business transformation practice areas. The company’s Managed Service Provider business remained resilient to the coronavirus crisis, experiencing double-digit gross profit growth in the third quarter of 2021.

While restructuring actions taken in the third quarter will weigh on the top line over the next few quarters, they are expected to help the company shift toward more specialized staffing and an improved margin profile over time in its Mexican business.

ManpowerGroup's cash and cash equivalent balance of $1.61 billion at the end of third-quarter 2021 was well above the long-term debt level of $583 million, underscoring that the company has enough cash to meet its debt burden. A strong cash position enables the company to pursue strategic acquisitions, invest in growth initiatives and return cash through regular quarterly dividend payment and share repurchases.

Zacks Rank and Stocks to Consider

ManpowerGroup currently carries a Zacks Rank #3 (Hold).

Investors interested in the broader Zacks Business Services sector can consider stocks like CBIZ CBZ, Korn Ferry KFY and Accenture ACN.

CBIZ has an expected earnings growth rate of 23.2% for 2021. CBZ has a trailing four-quarter earnings surprise of 49.8%, on average.

CBIZ’s shares have surged 44.6% in the past year. The stock sports a Zacks #1 Rank (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Korn Ferry has an expected earnings growth rate of 130.7% for fiscal 2022. KFY has a trailing four-quarter earnings surprise of 41.3%, on average.

Korn Ferry’s shares have surged 45.8% in the past year. KFY sports a Zacks #1 Rank.

Accenture has an expected earnings growth rate of around 19.8% for the current year. It has a trailing four-quarter earnings surprise of 5.3%, on average.

Accenture’s shares have surged 33.3% in the past year. It has a long-term earnings growth of 10%. ACN sports a Zacks #1 Rank.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ManpowerGroup Inc. (MAN) : Free Stock Analysis Report

KornFerry International (KFY) : Free Stock Analysis Report

Accenture PLC (ACN) : Free Stock Analysis Report

CBIZ, Inc. (CBZ) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting