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MARKETS LIVE BLOG:

STOCKS END FLAT, TESLA UP 12% DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Here's Why You Should Retain ManpowerGroup (MAN) Stock Now

Zacks Equity Research
·2 min read

ManpowerGroup Inc. MAN is benefiting from its strong pricing as well as pro-investor steps.

MAN has a long-term (three to five years) expected earnings growth rate of 6.3%.

Factors That Augur Well

ManpowerGroup is trying to mitigate revenue softness through strong pricing and cost control. The company's Managed Service Provider business is resilient to the COVID-19 crisis and witnessed growth in 2022, as it assisted more clients in building customized workforce solutions.

ManpowerGroup’s commitment to offering shareholder returns makes it suitable for long-term investment. In 2022, 2021 and 2020, the company returned $270 million, $210 million and $264.7 million through share repurchases and made dividend payments of $139.9 million, $136.6 million and $129.1 million, respectively. Along with instilling investors' confidence, these initiatives positively impact earnings per share.

Some Risks

ManpowerGroup's current ratio at December-quarter end was pegged at 1.21, lower than the current ratio of 1.22 reported at the end of the previous quarter. A decreasing current ratio is not desirable as it indicates that the company may have problems meeting its short-term debt obligations.

Zacks Rank and Stocks to Consider

ManpowerGroup currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Some better-ranked stocks in the broader Zacks Business Services sector Avis Budget Group, Inc. CAR and ICF International, Inc. (ICFI).

Avis Budget currently carries a Zacks Rank #2 (Buy). CAR has a VGM score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best investment opportunities.

CAR delivered a trailing four-quarter earnings surprise of 78%, on average.

ICF International sports a Zacks Rank #1 at present. ICFI’s 2023 revenues and earnings are expected to have surged 10.4% and 6.4% year over year, respectively.

ICF International delivered a trailing four-quarter earnings surprise of 9.2%, on average.

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ManpowerGroup Inc. (MAN) : Free Stock Analysis Report

Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report

ICF International, Inc. (ICFI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research