Manhattan Associates (MANH) to Release Earnings on Tuesday
Manhattan Associates (NASDAQ:MANH) is set to release its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Manhattan Associates to post earnings of $0.27 per share for the quarter. Manhattan Associates has set its FY 2019 guidance at $1.46-1.50 EPS and its FY19 guidance at $1.46-1.50 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, July 23rd. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.17. The firm had revenue of $154.30 million for the quarter, compared to analyst estimates of $146.00 million. Manhattan Associates had a return on equity of 66.00% and a net margin of 16.33%. Manhattan Associates’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. On average, analysts expect Manhattan Associates to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ:MANH opened at $78.36 on Friday. The business’s 50-day moving average price is $82.49 and its 200 day moving average price is $73.23. The firm has a market cap of $5.24 billion, a P/E ratio of 49.59 and a beta of 1.51. Manhattan Associates has a 52-week low of $39.01 and a 52-week high of $89.53. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.23.
A number of research firms recently issued reports on MANH. Benchmark reaffirmed a “buy” rating and set a $90.00 target price (up from $75.00) on shares of Manhattan Associates in a report on Wednesday, July 24th. SunTrust Banks lifted their target price on Manhattan Associates from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Rosenblatt Securities began coverage on Manhattan Associates in a report on Thursday, August 15th. They set a “buy” rating and a $100.00 target price on the stock. ValuEngine lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub lowered Manhattan Associates from a “strong-buy” rating to a “buy” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $94.00.
About Manhattan Associates
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.
Featured Story: Support Level
Receive News & Ratings for Manhattan Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates and related companies with MarketBeat.com's FREE daily email newsletter.