Zacks: Analysts Anticipate Manhattan Associates, Inc. (NASDAQ:MANH) Will Announce Earnings of $0.46 Per Share
Wall Street analysts forecast that Manhattan Associates, Inc. (NASDAQ:MANH) will report earnings of $0.46 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Manhattan Associates’ earnings. Manhattan Associates posted earnings of $0.47 per share in the same quarter last year, which would suggest a negative year over year growth rate of 2.1%. The firm is scheduled to issue its next earnings report on Tuesday, October 17th.
According to Zacks, analysts expect that Manhattan Associates will report full year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.74 to $1.78. For the next financial year, analysts expect that the firm will post earnings of $1.84 per share, with EPS estimates ranging from $1.78 to $1.90. 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 released its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The company had revenue of $154.10 million during the quarter, compared to the consensus estimate of $153.80 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. Manhattan Associates’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS.
MANH has been the subject of a number of research reports. Zacks Investment Research raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Thursday, June 15th. Benchmark Co. cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Friday, April 21st. SunTrust Banks, Inc. initiated coverage on shares of Manhattan Associates in a report on Monday, June 26th. They set a “hold” rating and a $45.00 target price for the company. Finally, BidaskClub raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.50.
Manhattan Associates (MANH) traded down 0.25% on Tuesday, reaching $43.57. 417,266 shares of the company traded hands. Manhattan Associates has a 1-year low of $42.50 and a 1-year high of $62.14. The stock’s 50-day moving average is $46.25 and its 200-day moving average is $48.12. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 25.17 and a beta of 1.15.
Manhattan Associates declared that its board has authorized a share buyback program on Thursday, April 20th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the software maker to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Institutional investors have recently bought and sold shares of the company. Pennsylvania Trust Co purchased a new position in Manhattan Associates during the first quarter worth $220,000. Capstone Asset Management Co. raised its position in Manhattan Associates by 19.3% in the first quarter. Capstone Asset Management Co. now owns 7,280 shares of the software maker’s stock worth $379,000 after buying an additional 1,180 shares during the last quarter. Atria Investments LLC raised its position in Manhattan Associates by 16.9% in the first quarter. Atria Investments LLC now owns 5,650 shares of the software maker’s stock worth $294,000 after buying an additional 818 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Manhattan Associates by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the software maker’s stock worth $926,000 after buying an additional 200 shares during the last quarter. Finally, Cim LLC raised its position in Manhattan Associates by 9.1% in the first quarter. Cim LLC now owns 7,794 shares of the software maker’s stock worth $406,000 after buying an additional 650 shares during the last quarter.
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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