Manpowergroup Stock Price, News & Analysis

On November 6, 2020, ManpowerGroup (NYSE: MAN) announced a semi-annual dividend of $1.17 per share, reflecting a 7.3% increase from the previous $1.09 dividend paid in June 2020. This dividend will be paid on December 15, 2020 to shareholders on record as of December 1, 2020.

The company continues to position itself as a global leader in workforce solutions, helping organizations adapt to the evolving job market.

ManpowerGroup (NYSE: MAN) reported Q3 2020 net earnings of $0.18 per diluted share, down from $2.42 in the same period last year. Total net earnings for the quarter were $10.3 million, a significant drop from $146.1 million a year earlier. Revenues fell 13% year-over-year to $4.6 billion. The current quarter faced restructuring costs and other special items, impacting earnings by $1.02 per share. The company expects Q4 earnings per diluted share to range between $1.06 and $1.14.

ManpowerGroup (NYSE: MAN) will announce its 3rd quarter earnings results before the market opens on October 20, 2020. A live webcast of the discussion will occur at 7:30 a.m. CDT and will be accessible via their website. The replay will be available from 10:30 a.m. CDT on the same day for 30 days. ManpowerGroup continues to lead as a global workforce solutions provider, emphasizing diversity and ethical practices.

According to the ManpowerGroup (NYSE: MAN) Employment Outlook Survey, U.S. employers reveal a 14% employment outlook for Q4 2020, recovering 11 percentage points from a ten-year low in Q3 but down 6 percentage points year-over-year. The survey, conducted in July, indicates a significant shift in hiring expectations, with only 25% of employers anticipating hiring levels to return by January 2021. Industries like Leisure and Hospitality (+22%) show the most optimism, while long-term remote work arrangements are on the rise, with 34% of companies planning to offer such options.

The recent research by ManpowerGroup (NYSE: MAN) indicates that a majority of workers believe the COVID-19 crisis signals the end of traditional office work. Conducted on over 8000 employees across eight countries, the study highlights three main priorities for a hybrid work model: autonomy, opportunities for virtual learning, and balancing work-life responsibilities. The findings suggest that emotional wellbeing and flexibility are crucial for employers aiming to attract and retain talent as workers express significant concerns about health and job security.

ManpowerGroup (NYSE: MAN) reported a net loss of $1.10 per diluted share for Q2 2020, a significant decline from net earnings of $2.11 per diluted share the previous year. Total revenues fell by 30% to $3.7 billion year-over-year. Special items, including impairment charges, negatively impacted earnings by $1.28 per share. Despite challenging market conditions, cash and equivalents increased to $1.4 billion, and free cash flow rose to $577 million year-to-date. Guidance for Q3 anticipates adjusted EPS between $0.59 and $0.67.

ManpowerGroup has launched RightCoach, a new virtual coaching platform designed for executive coaching on demand. The platform allows organizations to schedule 30-minute sessions with expert coaches tailored to individual challenges. RightCoach aims to enhance leadership development while providing companies with real-time reporting to identify areas needing improvement. Initially available in English, Spanish, French, and Italian, this initiative responds to the evolving demands of remote work and personalized learning.