Wall Street brokerages expect Manhattan Associates, Inc. (NASDAQ:MANH) to post earnings per share of $0.44 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Manhattan Associates’ earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.46. Manhattan Associates posted earnings per share of $0.46 in the same quarter last year, which would suggest a negative year over year growth rate of 4.3%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, July 20th.

According to Zacks, analysts expect that Manhattan Associates will report full year earnings of $1.78 per share for the current financial year, with EPS estimates ranging from $1.77 to $1.80. For the next year, analysts anticipate that the firm will report earnings of $1.93 per share, with EPS estimates ranging from $1.89 to $1.96. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Thursday, April 20th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. Manhattan Associates had a net margin of 20.89% and a return on equity of 73.76%. The firm had revenue of $143.49 million for the quarter, compared to analyst estimates of $146.49 million. During the same quarter in the prior year, the business posted $0.42 EPS. The business’s revenue was down 4.3% compared to the same quarter last year.

MANH has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Thursday, June 15th. Benchmark Co. cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. SunTrust Banks, Inc. initiated coverage on shares of Manhattan Associates in a research note on Monday, June 26th. They set a “hold” rating and a $45.00 price objective for the company. Finally, BidaskClub raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $59.50.

A number of institutional investors have recently added to or reduced their stakes in MANH. Acrospire Investment Management LLC raised its stake in Manhattan Associates by 20.9% in the first quarter. Acrospire Investment Management LLC now owns 2,177 shares of the software maker’s stock worth $113,000 after buying an additional 377 shares in the last quarter. Lloyds Banking Group plc acquired a new position in shares of Manhattan Associates during the first quarter valued at about $126,000. Pennsylvania Trust Co acquired a new position in shares of Manhattan Associates during the first quarter valued at about $220,000. Investment Centers of America Inc. acquired a new position in shares of Manhattan Associates during the first quarter valued at about $222,000. Finally, M&T Bank Corp acquired a new position in shares of Manhattan Associates during the first quarter valued at about $225,000.

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Shares of Manhattan Associates (MANH) traded up 1.847% on Wednesday, hitting $47.155. 529,746 shares of the company’s stock were exchanged. Manhattan Associates has a 12 month low of $44.83 and a 12 month high of $68.00. The stock’s 50 day moving average is $47.10 and its 200 day moving average is $48.73. The firm has a market cap of $3.27 billion, a P/E ratio of 27.069 and a beta of 1.18.

Manhattan Associates declared that its board has approved a share buyback program on Thursday, April 20th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to buy up to 1.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

About Manhattan Associates

Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through 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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