Manhattan Associates, Inc. (MANH) to Post Q2 2018 Earnings of $0.46 Per Share, SunTrust Banks Forecasts
Manhattan Associates, Inc. (NASDAQ:MANH) – Research analysts at SunTrust Banks lowered their Q2 2018 earnings per share estimates for Manhattan Associates in a research note issued to investors on Tuesday. SunTrust Banks analyst T. Tillman now expects that the software maker will post earnings per share of $0.46 for the quarter, down from their previous estimate of $0.48. SunTrust Banks has a “Buy” rating and a $55.00 price objective on the stock. SunTrust Banks also issued estimates for Manhattan Associates’ Q3 2018 earnings at $0.50 EPS and FY2019 earnings at $1.86 EPS.
MANH has been the topic of several other research reports. Zacks Investment Research upgraded shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Manhattan Associates has a consensus rating of “Hold” and a consensus target price of $62.00.
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Shares of Manhattan Associates (MANH) traded down 3.73% on Wednesday, reaching $45.44. 320,572 shares of the company were exchanged. Manhattan Associates has a 12-month low of $40.83 and a 12-month high of $59.60. The company’s 50 day moving average is $42.66 and its 200 day moving average is $45.91. The firm has a market capitalization of $3.13 billion, a PE ratio of 26.25 and a beta of 1.12.
Manhattan Associates (NASDAQ:MANH) last released its earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The business 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 business earned $0.49 earnings per share. Manhattan Associates’s quarterly revenue was down .5% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in MANH. Koch Industries Inc. raised its position in Manhattan Associates by 5,389.1% during the second quarter. Koch Industries Inc. now owns 729,227 shares of the software maker’s stock valued at $714,000 after purchasing an additional 715,942 shares in the last quarter. Sterling Capital Management LLC bought a new stake in Manhattan Associates during the second quarter worth about $1,765,000. Nomura Holdings Inc. lifted its stake in Manhattan Associates by 115.3% during the second quarter. Nomura Holdings Inc. now owns 15,350 shares of the software maker’s stock worth $738,000 after purchasing an additional 8,219 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its stake in Manhattan Associates by 1.3% during the second quarter. Atlanta Capital Management Co. L L C now owns 7,690,407 shares of the software maker’s stock worth $369,601,000 after purchasing an additional 98,471 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Manhattan Associates by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 102,222 shares of the software maker’s stock worth $4,914,000 after purchasing an additional 454 shares in 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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