Brokerages Anticipate Manhattan Associates, Inc. (MANH) Will Post Quarterly Sales of $150.38 Million
Analysts forecast that Manhattan Associates, Inc. (NASDAQ:MANH) will announce sales of $150.38 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Manhattan Associates’ earnings, with the highest sales estimate coming in at $151.64 million and the lowest estimate coming in at $149.10 million. Manhattan Associates posted sales of $152.21 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.2%. The firm is expected to issue its next earnings report on Tuesday, October 17th.
On average, analysts expect that Manhattan Associates will report full year sales of $150.38 million for the current financial year, with estimates ranging from $591.80 million to $595.70 million. For the next financial year, analysts expect that the firm will report sales of $619.54 million per share, with estimates ranging from $610.68 million to $628.77 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Manhattan Associates.
Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $154.10 million for the quarter, compared to analyst estimates of $153.80 million. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share.
A number of brokerages have recently issued reports on MANH. BidaskClub raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Zacks Investment Research raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday, June 15th. Finally, SunTrust Banks, Inc. began coverage on shares of Manhattan Associates in a report on Monday, June 26th. They issued a “hold” rating and a $45.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $59.50.
Several hedge funds have recently modified their holdings of the company. Atlanta Capital Management Co. L L C raised its holdings in shares of Manhattan Associates by 1.3% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 7,690,407 shares of the software maker’s stock valued at $369,601,000 after purchasing an additional 98,471 shares during the period. BlackRock Inc. raised its holdings in shares of Manhattan Associates by 0.9% in the 2nd quarter. BlackRock Inc. now owns 5,817,834 shares of the software maker’s stock valued at $279,604,000 after purchasing an additional 49,315 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Manhattan Associates by 0.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 4,540,884 shares of the software maker’s stock valued at $218,235,000 after purchasing an additional 30,624 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of 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 during the period. Finally, State Street Corp raised its holdings in shares of Manhattan Associates by 0.3% in the 2nd quarter. State Street Corp now owns 1,867,895 shares of the software maker’s stock valued at $89,771,000 after purchasing an additional 5,533 shares during the period.
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Manhattan Associates (NASDAQ:MANH) opened at 44.01 on Friday. The stock has a 50 day moving average price of $42.71 and a 200-day moving average price of $46.54. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 25.42 and a beta of 1.16. Manhattan Associates has a 1-year low of $40.83 and a 1-year high of $59.76.
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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