Manhattan Associates, Inc. (MANH) Expected to Post Earnings of $0.35 Per Share

Brokerages expect Manhattan Associates, Inc. (NASDAQ:MANH) to announce $0.35 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Manhattan Associates’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.36. Manhattan Associates reported earnings per share of $0.37 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.4%. The business is scheduled to announce its next quarterly earnings results on Tuesday, April 23rd.

On average, analysts expect that Manhattan Associates will report full-year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.40. For the next year, analysts anticipate that the company will report earnings of $1.47 per share, with EPS estimates ranging from $1.39 to $1.55. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, February 5th. The software maker reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.09. The business had revenue of $144.37 million for the quarter, compared to analyst estimates of $139.19 million. Manhattan Associates had a return on equity of 74.34% and a net margin of 18.72%. Manhattan Associates’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share.

Several analysts recently weighed in on MANH shares. BidaskClub raised Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday, November 17th. Zacks Investment Research lowered Manhattan Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 26th. TheStreet lowered Manhattan Associates from a “b-” rating to a “c” rating in a research note on Thursday, December 27th. Finally, ValuEngine lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $56.00.

NASDAQ:MANH opened at $55.19 on Friday. The stock has a market capitalization of $3.51 billion, a P/E ratio of 34.93 and a beta of 1.49. Manhattan Associates has a twelve month low of $39.01 and a twelve month high of $62.39.

In other news, VP Bruce Richards sold 5,454 shares of Manhattan Associates stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $55.21, for a total transaction of $301,115.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John J. Huntz, Jr. sold 2,106 shares of Manhattan Associates stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $53.76, for a total value of $113,218.56. Following the sale, the director now directly owns 70,530 shares in the company, valued at $3,791,692.80. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Chicago Equity Partners LLC lifted its stake in shares of Manhattan Associates by 22.7% in the third quarter. Chicago Equity Partners LLC now owns 53,000 shares of the software maker’s stock worth $2,894,000 after acquiring an additional 9,810 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in shares of Manhattan Associates by 4.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 930,777 shares of the software maker’s stock worth $50,820,000 after acquiring an additional 36,478 shares during the period. Morgan Stanley lifted its stake in shares of Manhattan Associates by 95.1% in the third quarter. Morgan Stanley now owns 182,441 shares of the software maker’s stock worth $9,961,000 after acquiring an additional 88,940 shares during the period. Alps Advisors Inc. lifted its stake in shares of Manhattan Associates by 1.0% in the fourth quarter. Alps Advisors Inc. now owns 28,062 shares of the software maker’s stock worth $1,189,000 after acquiring an additional 291 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in shares of Manhattan Associates in the fourth quarter worth approximately $4,177,000.

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 provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.

Featured Article: How to Trade Using Analysts Ratings

Get a free copy of the Zacks research report on Manhattan Associates (MANH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit