Analysts Anticipate Manhattan Associates, Inc. (MANH) Will Announce Earnings of $0.45 Per Share

Equities research analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to report earnings per share (EPS) of $0.45 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Manhattan Associates’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.45. Manhattan Associates posted earnings of $0.46 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 2.2%. The company is expected to report its next earnings report after the market closes on Tuesday, February 6th.

According to Zacks, analysts expect that Manhattan Associates will report full year earnings of $1.87 per share for the current financial year, with EPS estimates ranging from $1.86 to $1.88. For the next financial year, analysts anticipate that the company will report earnings of $1.28 per share, with EPS estimates ranging from $1.26 to $1.32. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Manhattan Associates.

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

Several research firms have recently commented on MANH. KeyCorp reaffirmed a “hold” rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. BidaskClub raised shares of Manhattan Associates from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 12th. SunTrust Banks raised shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Manhattan Associates currently has a consensus rating of “Hold” and an average target price of $60.00.

Shares of Manhattan Associates (NASDAQ:MANH) opened at $53.43 on Friday. The company has a market cap of $3,680.00, a P/E ratio of 30.71 and a beta of 1.15. Manhattan Associates has a 12-month low of $40.75 and a 12-month high of $53.45.

In other Manhattan Associates news, CEO Eddie Capel sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $42.04, for a total value of $966,920.00. Following the sale, the chief executive officer now owns 180,057 shares of the company’s stock, valued at $7,569,596.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.01% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Manhattan Associates by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after purchasing an additional 271 shares during the period. Zions Bancorporation purchased a new stake in Manhattan Associates in the third quarter valued at approximately $128,000. Victory Capital Management Inc. purchased a new stake in Manhattan Associates in the third quarter valued at approximately $168,000. Riverhead Capital Management LLC raised its position in Manhattan Associates by 79.0% in the second quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock valued at $181,000 after purchasing an additional 1,660 shares during the period. Finally, Wilkins Investment Counsel Inc. purchased a new stake in Manhattan Associates in the third quarter valued at approximately $212,000.

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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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