Manhattan Associates, Inc. (MANH) Issues FY17 Earnings Guidance
Manhattan Associates, Inc. (NASDAQ:MANH) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.85-1.89 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.87. The company issued revenue guidance of $590-600 million, compared to the consensus revenue estimate of $594.78 million.
Shares of Manhattan Associates, Inc. (NASDAQ:MANH) traded up 1.22% during trading on Tuesday, reaching $48.86. The company’s stock had a trading volume of 1,318,241 shares. The firm’s 50-day moving average price is $44.52 and its 200-day moving average price is $45.55. Manhattan Associates, Inc. has a one year low of $40.83 and a one year high of $55.74. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 28.23 and a beta of 1.12.
MANH has been the subject of a number of research reports. SunTrust Banks, Inc. initiated coverage on shares of Manhattan Associates in a research note on Monday, June 26th. They set a hold rating and a $45.00 target price for the company. Zacks Investment Research upgraded shares of Manhattan Associates from a sell rating to a hold rating in a research note on Tuesday, August 29th. BidaskClub lowered shares of Manhattan Associates from a hold rating to a sell rating in a research note on Tuesday, July 25th. Finally, KeyCorp reiterated a hold rating on shares of Manhattan Associates in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $65.00.
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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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