The MAN stock’s dividend yield for the TTM is 3.91% and its last dividend payment was $1.47 per share. The MAN last ex-dividend date was May 31, 2023, and its payout ratio is 48.22%. MAN’s dividend payments are covered by earnings and cash flows, which is a positive sign for its dividend safety and sustainability.
A low dividend payout ratio indicates that the MAN stock is confident in its future prospects and has enough cash flow to reinvest in its business.
Even though investors have made a lot of profit from the MAN stock, the dividend amount has shown that the company is financially and fundamentally healthy, as it has increased from $2.02 to $2.72 in the past five years.
ManpowerGroup stock’s latest quarterly earnings report for the period ending June 2023, displayed a revenue of $4.86 Billion, with a net income of $65.20 Million, and a profit margin from the last quarter of 1.34%. This quarter, the MAN stock’s reported revenue exceeded analysts’ estimates by $9.044 Million (0.19%).
The MAN stock reported an EPS of $1.58 for the period ending June 2023, beating the analysts’ estimate of $1.616 by 2.20%. The next quarter’s MAN revenue is estimated to be $4.711 Billion and an estimated EPS of $1.351. The report will be released on October 19th, 2023.
Furthermore, MAN stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $8.87 Billion and total liabilities of $6.42 Billion. The MAN debt-to-assets ratio is at 72.38%.
MAN Stock Price Technical Analysis in 1-D Timeframe
The MAN stock has a CMP of $71.52 and has an intraday loss of 1.13%. The MAN stock’s average volume for the last 10 days is 283.759K and its current volume is 3.816K. The MAN stock has a float of 49.038 Million shares and a market cap of $3.546 Billion.
According to the ManpowerGroup (NYSE: MAN) stock price action that was displayed on its chart, the MAN stock price started surging upwards from the $49 support level in March 2020. It reached a high of $125 in June 2021, by making a continuous upward break of structures and is moving in a higher highs and lows pattern, which formed an uptrend.
However, this uptrend was disturbed and the MAN stock price faced resistance and started to fall by making lower lows and highs as investors pulled out their profits from multiple quarterly reports and dividends.
Conversely, the stock has shown recovery traits as the MAN price took support and stopped making new lows at a vital level of around $63 on the charts in September 2022. Moreover, this year, at the time of publishing, it is observed that MAN has been following trendline support and rising.
Therefore, if the ManpowerGroup stock manages to gain strong buying momentum and surges above the previous swing high, it can shoot a rally upwards. The probable resistance levels are between $76 and $80.
Alternatively, if the MAN stock faces resistance again and continues to fall below and breaks below $68, it could fall up to $64.
At the time of publishing, the price of ManpowerGroup (NYSE: MAN) took support and rose upward trying to sustain around 20 EMA. Therefore, if more buying volume assists the MAN price in surging upwards, the stock may surpass major rejecting levels and EMAs and may thrust for making new highs.
The MACD indicates a bullish cross and shows bullishness in the stock as the histogram width is broadening in the MACD tool. The RSI is at 33.92. The indicators in the MAN stock show bullish signs on the charts.
In addition, the stock ratings for MAN stock are neutral and not highly recommended based on 15 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for MAN stock by 12 analysts range between $62.00 to $99.00.
Summary
ManpowerGroup (NYSE: MAN) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of the Manpower stock price highlight upward signals and support bullishness.
Technical Levels
Support Levels: $68 and $64
Resistance Levels: $76 and $80
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/10/14/man-stock-forecast-will-nyse-man-jump-above-90-by-year-end/