Manhattan Associates, Inc. (MANH) Releases Earnings Results, Beats Expectations By $0.02 EPS
Manhattan Associates, Inc. (NASDAQ:MANH) posted its earnings results on Tuesday. The software maker reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02, Bloomberg Earnings reports. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The firm had revenue of $152.88 million for the quarter, compared to analysts’ expectations of $150.30 million. During the same period last year, the firm earned $0.50 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. Manhattan Associates updated its FY17 guidance to $1.85-1.89 EPS.
Manhattan Associates (NASDAQ:MANH) traded up 1.22% during midday trading on Tuesday, reaching $48.86. The company had a trading volume of 1,318,344 shares. The stock has a market capitalization of $3.37 billion, a PE ratio of 28.23 and a beta of 1.12. Manhattan Associates has a 1-year low of $40.83 and a 1-year high of $55.74. The firm’s 50 day moving average is $44.52 and its 200 day moving average is $45.55.
MANH has been the topic of a number of analyst reports. SunTrust Banks, Inc. initiated coverage on Manhattan Associates in a research report on Monday, June 26th. They set a “hold” rating and a $45.00 target price on the stock. BidaskClub cut Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, KeyCorp restated a “hold” rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Manhattan Associates has a consensus rating of “Hold” and an average price target 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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