Brokerages Expect Manhattan Associates, Inc. (MANH) Will Announce Quarterly Sales of $144.58 Million

Brokerages predict that Manhattan Associates, Inc. (NASDAQ:MANH) will report $144.58 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Manhattan Associates’ earnings, with estimates ranging from $142.10 million to $146.60 million. Manhattan Associates posted sales of $147.59 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2%. The business is expected to announce its next earnings results after the market closes on Tuesday, February 6th.

On average, analysts expect that Manhattan Associates will report full year sales of $144.58 million for the current year, with estimates ranging from $592.60 million to $597.10 million. For the next fiscal year, analysts anticipate that the business will report sales of $559.18 million per share, with estimates ranging from $557.60 million to $560.39 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Manhattan Associates.

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

Several brokerages have issued reports on MANH. BidaskClub upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research lowered Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. KeyCorp restated a “hold” rating on shares of Manhattan Associates in a research note on Tuesday, October 17th. Finally, SunTrust Banks upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Manhattan Associates presently has a consensus rating of “Hold” and an average price target of $60.00.

In other Manhattan Associates news, CEO Eddie Capel sold 23,000 shares of the business’s stock in a transaction 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 directly owns 180,057 shares in the company, valued at $7,569,596.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.01% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Zions Bancorporation bought a new stake in shares of Manhattan Associates during the 3rd quarter valued at $128,000. Riverhead Capital Management LLC raised its stake in shares of Manhattan Associates by 79.0% during the 2nd 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. Victory Capital Management Inc. bought a new stake in shares of Manhattan Associates during the 3rd quarter valued at $168,000. Suntrust Banks Inc. bought a new stake in shares of Manhattan Associates during the 2nd quarter valued at $236,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Manhattan Associates during the 4th quarter valued at $247,000.

Shares of Manhattan Associates (MANH) traded up $0.49 during trading on Monday, reaching $53.43. The company had a trading volume of 460,200 shares, compared to its average volume of 497,385. The company has a market capitalization of $3,683.10, a price-to-earnings ratio of 30.71 and a beta of 1.15. Manhattan Associates has a 1-year low of $40.75 and a 1-year high of $53.45.

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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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