Manhattan Associates Inc. (MANH) Updates FY14 Earnings Guidance
Manhattan Associates Inc. (NASDAQ:MANH) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.01-$1.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.01, Analyst RN reports. The company issued revenue guidance of $450-455 million, compared to the consensus revenue estimate of $447.87 million.
Manhattan Associates Inc. (NASDAQ:MANH) traded down 0.42% on Tuesday, hitting $33.12. The stock had a trading volume of 668,219 shares. Manhattan Associates Inc. has a 1-year low of $16.6575 and a 1-year high of $34.13. The stock has a 50-day moving average of $31.2 and a 200-day moving average of $26.32. The company has a market cap of $2.545 billion and a P/E ratio of 41.52.
Manhattan Associates (NASDAQ:MANH) last released its earnings data on Tuesday, February 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $107.60 million for the quarter, compared to the consensus estimate of $103.36 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that Manhattan Associates Inc. will post $0.91 EPS for the current fiscal year.
A number of analysts have recently weighed in on MANH shares. Analysts at Raymond James upgraded shares of Manhattan Associates from a market perform rating to an outperform rating in a research note to investors on Monday, January 6th. Analysts at Zacks downgraded shares of Manhattan Associates from an outperform rating to a neutral rating in a research note to investors on Tuesday, December 24th. They now have a $124.80 price target on the stock.
Manhattan Associates, Inc (NASDAQ:MANH) is a developer and implementer of supply chain software solutions that help organizations optimize their supply chain operations from planning through execution.
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