Equities analysts forecast that Manhattan Associates, Inc. (NASDAQ:MANH) will announce $150.38 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made 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 during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.2%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, October 24th.

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 financial year, analysts anticipate that the company will post sales of $617.56 million per share, with estimates ranging from $610.68 million to $624.00 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Manhattan Associates.

Several analysts have commented on the stock. BidaskClub lowered shares of Manhattan Associates from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. SunTrust Banks, Inc. assumed coverage on shares of Manhattan Associates in a research report on Monday, June 26th. They set a “hold” rating and a $45.00 price target for the company. Finally, Zacks Investment Research lowered shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $65.00.

Manhattan Associates (NASDAQ MANH) traded up 1.62% during mid-day trading on Tuesday, reaching $49.05. 926,528 shares of the company’s stock were exchanged. Manhattan Associates has a one year low of $40.83 and a one year high of $55.74. The firm has a market capitalization of $3.38 billion, a P/E ratio of 28.34 and a beta of 1.12. The company’s 50-day moving average is $44.52 and its 200 day moving average is $45.55.

Several institutional investors and hedge funds have recently bought and sold shares of MANH. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Manhattan Associates by 41.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock valued at $120,000 after acquiring an additional 726 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Manhattan Associates by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after acquiring an additional 271 shares in the last quarter. TrimTabs Asset Management LLC increased its holdings in shares of Manhattan Associates by 105.3% during the second quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock valued at $181,000 after acquiring an additional 1,929 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Manhattan Associates by 79.0% during the second quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock valued at $181,000 after acquiring an additional 1,660 shares in the last quarter. Finally, Lloyds Banking Group plc increased its holdings in shares of Manhattan Associates by 62.0% during the second quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock valued at $189,000 after acquiring an additional 1,505 shares in the last quarter.

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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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Earnings History and Estimates for Manhattan Associates (NASDAQ:MANH)

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