Equities research analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to report $144.58 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Manhattan Associates’ earnings. The lowest sales estimate is $142.10 million and the highest is $146.60 million. Manhattan Associates reported sales of $147.59 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2%. The firm is expected to issue its next earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Manhattan Associates will report full-year sales of $144.58 million for the current fiscal year, with estimates ranging from $592.60 million to $597.10 million. For the next fiscal year, analysts anticipate that the company will post sales of $559.18 million per share, with estimates ranging from $557.60 million to $560.39 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Tuesday, October 24th. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. Manhattan Associates had a return on equity of 74.19% and a net margin of 20.38%. The firm had revenue of $152.88 million during the quarter, compared to analyst estimates of $150.30 million. During the same period last year, the firm posted $0.50 EPS. The business’s revenue was up .4% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the company. BidaskClub raised Manhattan Associates from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. Finally, SunTrust Banks raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Two equities research 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 company has a consensus rating of “Hold” and a consensus price target of $65.00.

In other news, CEO Eddie Capel sold 23,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total transaction of $966,920.00. Following the completion of the sale, the chief executive officer now directly owns 180,057 shares of the company’s stock, valued at approximately $7,569,596.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.01% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in Manhattan Associates by 22.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,774,595 shares of the software maker’s stock worth $85,288,000 after acquiring an additional 327,370 shares during the last quarter. Royce & Associates LP purchased a new stake in Manhattan Associates in the 2nd quarter worth about $721,000. BNP Paribas Arbitrage SA increased its holdings in Manhattan Associates by 93.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 30,057 shares of the software maker’s stock worth $1,445,000 after acquiring an additional 14,482 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Manhattan Associates by 219.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,470 shares of the software maker’s stock worth $89,799,000 after acquiring an additional 1,284,125 shares during the last quarter. Finally, Shell Asset Management Co. increased its holdings in Manhattan Associates by 747.1% in the 3rd quarter. Shell Asset Management Co. now owns 115,635 shares of the software maker’s stock worth $3,865,000 after acquiring an additional 101,985 shares during the last quarter.

Shares of Manhattan Associates (NASDAQ:MANH) opened at $47.17 on Tuesday. Manhattan Associates has a 12-month low of $40.75 and a 12-month high of $55.74. The stock has a market capitalization of $3,191.60, a price-to-earnings ratio of 26.16 and a beta of 1.15.

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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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