Manhattan Associates, Inc. (MANH) Expected to Post Quarterly Sales of $150.38 Million
Analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to report sales of $150.38 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Manhattan Associates’ earnings. The highest sales estimate is $151.64 million and the lowest is $149.10 million. Manhattan Associates posted sales of $152.21 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.2%. The business is expected to issue its next quarterly earnings report on Tuesday, October 17th.
According to Zacks, analysts expect that Manhattan Associates will report full-year sales of $150.38 million for the current fiscal year, with estimates ranging from $591.80 million to $595.70 million. For the next year, analysts anticipate that the firm will post sales of $619.54 million per share, with estimates ranging from $610.68 million to $628.77 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Manhattan Associates.
Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Thursday, July 20th. The software maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $154.10 million for the quarter, compared to analyst estimates of $153.80 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS.
A number of research firms have commented on MANH. BidaskClub raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, SunTrust Banks, Inc. raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Manhattan Associates has an average rating of “Hold” and an average target price of $65.00.
Shares of Manhattan Associates (MANH) opened at 45.54 on Thursday. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 26.31 and a beta of 1.12. The stock’s 50 day moving average is $42.74 and its 200-day moving average is $45.90. Manhattan Associates has a 52 week low of $40.83 and a 52 week high of $59.60.
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Large investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Manhattan Associates by 41.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock valued at $120,000 after buying an additional 726 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Manhattan Associates by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after buying an additional 271 shares in the last quarter. TrimTabs Asset Management LLC boosted its holdings in shares of Manhattan Associates by 105.3% in the 2nd quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock valued at $181,000 after buying an additional 1,929 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of Manhattan Associates by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock valued at $181,000 after buying an additional 1,660 shares in the last quarter. Finally, Lloyds Banking Group plc boosted its holdings in shares of Manhattan Associates by 62.0% in the 2nd quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock valued at $189,000 after buying an additional 1,505 shares in the last quarter.
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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