This leadership transition is anticipated to support ManpowerGroup (NYSE:MAN)'s ongoing efforts to meet the evolving needs of the workforce and maintain its position as a preferred brand for talent. With current market capitalization of $2.77 billion and InvestingPro Fair Value analysis suggesting the stock is undervalued, investors may find this transition period particularly interesting. The information reported is based on a press release statement from ManpowerGroup and enhanced with financial data from InvestingPro.
Becky Frankiewicz, President of the North America Region and Chief Commercial Officer at ManpowerGroup, expressed confidence in Doyle's leadership, citing his role in leading Experis U.S. through significant transformations, such as the acquisition of ettain group. Frankiewicz highlighted Doyle's passion for developing talent and delivering value to clients as key factors in his appointment.
Doyle shared his enthusiasm for the new role, emphasizing the team's track record in delivering innovative workforce solutions and his commitment to furthering the company's market leadership. He plans to continue pioneering approaches that shape the future of work in the U.S. talent landscape.
With a background in Digital and Business Innovation, Doyle joined ManpowerGroup in 2020. His previous experience includes leadership positions in Australia and the U.S., equipping him with a broad perspective on the industry.
Kye Mitchell, who assumed the position of President of Experis Services in June 2024, will succeed Doyle as Head of Experis U.S. Mitchell's prior experience includes serving as Chief Operations Officer at Kforce (NYSE:KFRC), bringing a wealth of knowledge to her new role.
This leadership transition is anticipated to support ManpowerGroup's ongoing efforts to meet the evolving needs of the workforce and maintain its position as a preferred brand for talent. With current market capitalization of $2.77 billion and InvestingPro Fair Value analysis suggesting the stock is undervalued, investors may find this transition period particularly interesting. The information reported is based on a press release statement from ManpowerGroup and enhanced with financial data from InvestingPro.
This leadership transition is anticipated to support ManpowerGroup's ongoing efforts to meet the evolving needs of the workforce and maintain its position as a preferred brand for talent. With current market capitalization of $2.77 billion and InvestingPro Fair Value analysis suggesting the stock is undervalued, investors may find this transition period particularly interesting. The information reported is based on a press release statement from ManpowerGroup and enhanced with financial data from InvestingPro.
In other recent news, ManpowerGroup has announced a semi-annual dividend of $1.54 per share, reflecting the company's financial health and commitment to returning value to its investors. However, the company reported a 2% decline in third-quarter revenue, totaling $4.5 billion, and an 8% year-over-year decrease in adjusted earnings per share, falling to $1.29. Despite these figures, Manpower's Talent Solutions revenue saw a 7% rise, primarily driven by a 9% revenue increase in Japan.
Following these developments, BMO Capital Markets, Goldman Sachs (NYSE:GS), Jefferies, and Truist Securities have all adjusted their outlooks on the company. BMO Capital Markets reduced the price target on Manpower shares to $71.00, while Goldman Sachs maintained a Sell rating with a steady price target of $64.00. Jefferies lowered the company's price target from $70.00 to $65.00, and Truist Securities revised its price target from $78 to $74.
These revisions were influenced by Manpower's fourth-quarter revenue and earnings per share guidance, which fell short of both firms' and consensus estimates, revealing noticeable weakness in Northern Europe. Truist Securities anticipates Manpower to experience approximately flat EBITDA growth in 2025, with a more robust growth of around 30% in EBITDA projected for 2026, despite potential financial challenges due to a higher tax rate in France.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.