Zacks: Analysts Expect Manhattan Associates, Inc. (MANH) to Announce $0.50 EPS
Wall Street analysts forecast that Manhattan Associates, Inc. (NASDAQ:MANH) will announce earnings of $0.50 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Manhattan Associates’ earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.51. Manhattan Associates also reported earnings of $0.50 per share in the same quarter last year. The business is expected to issue its next earnings results on Tuesday, October 17th.
According to Zacks, analysts expect that Manhattan Associates will report full-year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.86 to $1.88. For the next financial year, analysts anticipate that the firm will post earnings of $1.97 per share, with EPS estimates ranging from $1.92 to $2.00. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Manhattan Associates.
Manhattan Associates (NASDAQ:MANH) last released its earnings results on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The firm had revenue of $154.10 million for the quarter, compared to the consensus estimate of $153.80 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year.
MANH has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, June 15th. SunTrust Banks, Inc. initiated coverage on Manhattan Associates in a research report on Monday, June 26th. They set a “hold” rating and a $45.00 target price on the stock. Finally, BidaskClub upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $59.50.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Manhattan Associates by 14,241.7% in the 1st quarter. BlackRock Inc. now owns 5,768,519 shares of the software maker’s stock valued at $300,250,000 after purchasing an additional 5,728,297 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Manhattan Associates by 219.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker’s stock valued at $89,799,000 after purchasing an additional 1,284,125 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Manhattan Associates in the 1st quarter valued at $61,060,000. Marshall Wace North America L.P. purchased a new position in Manhattan Associates in the 1st quarter valued at $61,060,000. Finally, JPMorgan Chase & Co. lifted its holdings in Manhattan Associates by 261.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,447,225 shares of the software maker’s stock valued at $75,328,000 after purchasing an additional 1,046,565 shares in the last quarter.
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Manhattan Associates (NASDAQ:MANH) traded up 2.25% during trading on Thursday, hitting $43.17. 473,515 shares of the stock traded hands. Manhattan Associates has a 52-week low of $40.83 and a 52-week high of $59.76. The stock has a market cap of $2.98 billion, a P/E ratio of 24.94 and a beta of 1.16. The stock has a 50 day moving average price of $42.81 and a 200-day moving average price of $46.65.
Manhattan Associates Company Profile
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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