Analysts Anticipate Manhattan Associates, Inc. (MANH) Will Announce Earnings of $0.45 Per Share
Analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to announce $0.45 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Manhattan Associates’ earnings, with estimates ranging from $0.44 to $0.45. Manhattan Associates reported earnings of $0.46 per share during the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The firm is expected to issue its next earnings results on Tuesday, January 30th.
On average, analysts expect that Manhattan Associates will report full-year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.86 to $1.88. For the next fiscal year, analysts forecast that the company will post earnings of $1.28 per share, with EPS estimates ranging from $1.26 to $1.32. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Manhattan Associates.
Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $152.88 million during the quarter, compared to analysts’ expectations of $150.30 million. Manhattan Associates had a net margin of 20.38% and a return on equity of 74.19%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company posted $0.50 earnings per share.
A number of research firms have commented on MANH. BidaskClub upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. KeyCorp restated a “hold” rating on shares of Manhattan Associates in a report on Tuesday, October 17th. Finally, SunTrust Banks upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Tuesday, October 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $60.00.
Shares of Manhattan Associates (NASDAQ MANH) opened at $51.32 on Wednesday. The company has a market cap of $3,528.69, a price-to-earnings ratio of 28.92 and a beta of 1.15. Manhattan Associates has a twelve month low of $40.75 and a twelve month high of $54.83.
In other Manhattan Associates news, CEO Eddie Capel sold 23,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $42.04, for a total value of $966,920.00. Following the completion of the sale, the chief executive officer now directly owns 180,057 shares in the company, valued at $7,569,596.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.01% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Inc. AR grew its holdings in shares of Manhattan Associates by 0.5% during the second quarter. Stephens Inc. AR now owns 6,086 shares of the software maker’s stock valued at $292,000 after buying an additional 32 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Manhattan Associates by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after buying an additional 271 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of Manhattan Associates by 2.7% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,454 shares of the software maker’s stock valued at $799,000 after buying an additional 322 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Manhattan Associates by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 102,222 shares of the software maker’s stock valued at $4,914,000 after buying an additional 454 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of Manhattan Associates by 41.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock valued at $120,000 after buying an additional 726 shares during the last quarter.
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Manhattan Associates Company Profile
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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