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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