Q1 2018 EPS Estimates for Manhattan Associates, Inc. (MANH) Cut by Analyst

Manhattan Associates, Inc. (NASDAQ:MANH) – SunTrust Banks reduced their Q1 2018 earnings per share (EPS) estimates for shares of Manhattan Associates in a note issued to investors on Wednesday. SunTrust Banks analyst T. Tillman now anticipates that the software maker will post earnings of $0.25 per share for the quarter, down from their previous forecast of $0.33. SunTrust Banks also issued estimates for Manhattan Associates’ Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.25 EPS and FY2019 earnings at $1.05 EPS.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $144.09 million for the quarter, compared to analysts’ expectations of $144.86 million. Manhattan Associates had a net margin of 19.59% and a return on equity of 72.02%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share.

A number of other brokerages have also recently issued reports on MANH. BidaskClub raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, KeyCorp restated a “hold” rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.00.

Manhattan Associates (NASDAQ:MANH) opened at $41.28 on Monday. The stock has a market cap of $2,899.26, a P/E ratio of 24.57 and a beta of 1.08. Manhattan Associates has a one year low of $39.63 and a one year high of $54.21.

Manhattan Associates announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 6th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in Manhattan Associates by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 102,222 shares of the software maker’s stock valued at $4,914,000 after buying an additional 454 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Manhattan Associates by 45.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,719 shares of the software maker’s stock valued at $184,000 after buying an additional 1,165 shares in the last quarter. Huntington National Bank boosted its position in Manhattan Associates by 16.8% in the third quarter. Huntington National Bank now owns 8,694 shares of the software maker’s stock valued at $361,000 after buying an additional 1,251 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Manhattan Associates by 18.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 10,717 shares of the software maker’s stock valued at $531,000 after buying an additional 1,662 shares in the last quarter. Finally, American International Group Inc. boosted its position in Manhattan Associates by 1.3% in the fourth quarter. American International Group Inc. now owns 142,808 shares of the software maker’s stock valued at $7,075,000 after buying an additional 1,798 shares in the last quarter.

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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.

Earnings History and Estimates for Manhattan Associates (NASDAQ:MANH)

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