Manhattan Associates Inc. (MANH) Updates FY16 Earnings Guidance
Manhattan Associates Inc. (NASDAQ:MANH) updated its FY16 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.82-1.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.79. The company issued revenue guidance of $603-609 million, compared to the consensus revenue estimate of $615.98 million.
Several research firms recently commented on MANH. Zacks Investment Research lowered shares of Manhattan Associates from a buy rating to a hold rating in a report on Wednesday, June 22nd. Brean Capital reiterated a buy rating and set a $75.00 price objective on shares of Manhattan Associates in a research note on Wednesday, August 3rd. Finally, Raymond James Financial Inc. reiterated an outperform rating and set a $74.00 price objective (down previously from $75.00) on shares of Manhattan Associates in a research note on Friday, July 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $72.17.
Manhattan Associates Inc. (NASDAQ:MANH) traded up 1.908% during mid-day trading on Tuesday, hitting $59.005. 1,208,175 shares of the stock were exchanged. Manhattan Associates Inc. has a 52 week low of $44.14 and a 52 week high of $77.75. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 37.345 and a beta of 1.31. The company has a 50 day moving average price of $58.55 and a 200 day moving average price of $60.94.
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Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 18th. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. Manhattan Associates had a return on equity of 62.72% and a net margin of 19.56%. The company had revenue of $152.21 million for the quarter, compared to analysts’ expectations of $156.15 million. During the same quarter in the previous year, the business posted $0.42 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Manhattan Associates Inc. will post $1.79 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in MANH. AHL Partners LLP acquired a new position in Manhattan Associates during the second quarter valued at $813,000. Jane Street Group LLC acquired a new position in Manhattan Associates during the second quarter valued at $790,000. Panagora Asset Management Inc. boosted its position in Manhattan Associates by 7.6% in the second quarter. Panagora Asset Management Inc. now owns 5,597 shares of the company’s stock valued at $359,000 after buying an additional 396 shares during the period. Landscape Capital Management L.L.C. acquired a new position in Manhattan Associates during the second quarter valued at $1,186,000. Finally, A.R.T. Advisors LLC boosted its position in Manhattan Associates by 32.2% in the second quarter. A.R.T. Advisors LLC now owns 23,785 shares of the company’s stock valued at $1,525,000 after buying an additional 5,800 shares during the period. 99.62% of the stock is currently owned by institutional investors.
Manhattan Associates Company Profile
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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