Equities research analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to report $129.75 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Manhattan Associates’ earnings. The highest sales estimate is $131.40 million and the lowest is $128.80 million. Manhattan Associates posted sales of $143.49 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.6%. The company is expected to report its next quarterly earnings results on Thursday, April 19th.
On average, analysts expect that Manhattan Associates will report full-year sales of $129.75 million for the current year, with estimates ranging from $547.00 million to $551.35 million. For the next financial year, analysts anticipate that the company will post sales of $539.86 million per share, with estimates ranging from $530.30 million to $549.27 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Manhattan Associates.
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, hitting the Thomson Reuters’ consensus estimate of $0.45. The company 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 business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Manhattan Associates (NASDAQ MANH) opened at $45.49 on Tuesday. The stock has a market cap of $3,090.00, a P/E ratio of 27.40 and a beta of 1.26. Manhattan Associates has a 52 week low of $39.63 and a 52 week high of $54.21.
Manhattan Associates declared that its board has authorized a stock repurchase program on Tuesday, February 6th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the software maker to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
Institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Manhattan Associates in the third quarter worth approximately $774,000. Atlanta Capital Management Co. L L C increased its position in shares of Manhattan Associates by 2.9% in the third quarter. Atlanta Capital Management Co. L L C now owns 7,912,766 shares of the software maker’s stock worth $328,933,000 after acquiring an additional 222,359 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Manhattan Associates by 57.9% in the third quarter. Nordea Investment Management AB now owns 772,265 shares of the software maker’s stock worth $32,103,000 after acquiring an additional 283,298 shares in the last quarter. Atlantic Trust Group LLC purchased a new position in shares of Manhattan Associates in the third quarter worth approximately $1,506,000. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Manhattan Associates by 12.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 562,650 shares of the software maker’s stock worth $27,874,000 after acquiring an additional 61,575 shares in the last quarter.
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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