Analysts expect Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) to post earnings per share of $0.45 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Manhattan Associates’ earnings. Manhattan Associates posted earnings of $0.43 per share during the same quarter last year, which would indicate a positive year over year growth rate of 4.7%. The firm is scheduled to announce its next earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Manhattan Associates will report full-year earnings of $2.04 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.07. For the next financial year, analysts expect that the business will report earnings of $2.37 per share, with EPS estimates ranging from $2.33 to $2.43. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Manhattan Associates.
Manhattan Associates (NASDAQ:MANH – Get Rating) last announced its quarterly earnings results on Tuesday, February 1st. The software maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.09. Manhattan Associates had a net margin of 16.65% and a return on equity of 47.22%. The company had revenue of $171.49 million for the quarter, compared to analysts’ expectations of $162.85 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. Manhattan Associates’s quarterly revenue was up 16.6% on a year-over-year basis.
MANH has been the subject of several research reports. Rosenblatt Securities lowered their price objective on shares of Manhattan Associates from $195.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 2nd. StockNews.com upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th. Finally, Raymond James upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Tuesday, March 22nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $182.57.
MANH stock opened at $136.60 on Friday. Manhattan Associates has a 52 week low of $118.41 and a 52 week high of $188.52. The company has a fifty day simple moving average of $134.27 and a two-hundred day simple moving average of $147.40. The firm has a market capitalization of $8.62 billion, a P/E ratio of 79.42 and a beta of 1.98.
Several institutional investors have recently added to or reduced their stakes in the company. NewEdge Wealth LLC lifted its holdings in shares of Manhattan Associates by 0.5% in the 3rd quarter. NewEdge Wealth LLC now owns 13,914 shares of the software maker’s stock worth $2,129,000 after acquiring an additional 72 shares during the last quarter. Hancock Whitney Corp increased its stake in Manhattan Associates by 0.5% in the 4th quarter. Hancock Whitney Corp now owns 16,897 shares of the software maker’s stock worth $2,628,000 after buying an additional 92 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Manhattan Associates by 13.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 777 shares of the software maker’s stock worth $121,000 after buying an additional 94 shares during the period. Louisiana State Employees Retirement System increased its stake in Manhattan Associates by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 16,300 shares of the software maker’s stock worth $2,534,000 after buying an additional 100 shares during the period. Finally, State of Michigan Retirement System increased its stake in Manhattan Associates by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 15,997 shares of the software maker’s stock worth $2,487,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Manhattan Associates Company Profile (Get Rating)
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It 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.
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