Manhattan Associates Inc. (MANH) Scheduled to Post Earnings on Tuesday
Manhattan Associates Inc. (NASDAQ:MANH) is scheduled to be releasing its earnings data on Tuesday, October 18th. Persons interested in listening to the company’s earnings conference call can do so using this link.
Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Manhattan Associates had a return on equity of 62.72% and a net margin of 19.56%. The company had revenue of $154.90 million for the quarter, compared to analyst estimates of $153.75 million. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, analysts expect Manhattan Associates to post $1.79 EPS for the current fiscal year and $2.01 EPS for the next fiscal year.
Shares of Manhattan Associates Inc. (NASDAQ:MANH) opened at 56.78 on Monday. The company’s 50-day moving average price is $58.60 and its 200 day moving average price is $60.88. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 35.94 and a beta of 1.31. Manhattan Associates Inc. has a 12-month low of $44.14 and a 12-month high of $77.75.
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Several analysts have commented on MANH shares. Zacks Investment Research lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Brean Capital reissued a “buy” rating and issued a $75.00 price objective on shares of Manhattan Associates in a report on Wednesday, August 3rd. Finally, Raymond James Financial Inc. reissued an “outperform” rating and issued a $74.00 price objective (down from $75.00) on shares of Manhattan Associates in a report on Friday, July 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Manhattan Associates currently has an average rating of “Buy” and an average price target of $72.17.
Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Manhattan Associates by 32.4% in the second quarter. American Century Companies Inc. now owns 187,306 shares of the company’s stock worth $12,012,000 after buying an additional 45,820 shares in the last quarter. BlackRock Inc. raised its stake in shares of Manhattan Associates by 61.9% in the second quarter. BlackRock Inc. now owns 128,189 shares of the company’s stock worth $8,221,000 after buying an additional 49,006 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Manhattan Associates by 19.2% in the second quarter. BlackRock Group LTD now owns 150,180 shares of the company’s stock worth $9,632,000 after buying an additional 24,162 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Manhattan Associates by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,501,847 shares of the company’s stock worth $160,443,000 after buying an additional 105,712 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Manhattan Associates by 1,569.6% in the second quarter. US Bancorp DE now owns 22,389 shares of the company’s stock worth $1,436,000 after buying an additional 21,048 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
About Manhattan Associates
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company has 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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