Brokerages forecast that Manhattan Associates, Inc. (NASDAQ:MANH) will report earnings per share of $0.37 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Manhattan Associates’ earnings. Manhattan Associates posted earnings of $0.45 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 17.8%. The business is scheduled to announce its next earnings results on Tuesday, February 5th.
On average, analysts expect that Manhattan Associates will report full year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.71. For the next fiscal year, analysts forecast that the business will post earnings of $1.39 per share, with EPS estimates ranging from $1.36 to $1.46. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Manhattan Associates.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, October 23rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.09. The company had revenue of $142.40 million for the quarter, compared to analyst estimates of $142.38 million. Manhattan Associates had a return on equity of 71.67% and a net margin of 18.48%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share.
Several brokerages have issued reports on MANH. BidaskClub lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Friday. Benchmark reaffirmed a “buy” rating and set a $65.00 price objective (up previously from $55.00) on shares of Manhattan Associates in a report on Friday, September 14th. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, October 30th. Finally, SunTrust Banks lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.00.
Several institutional investors and hedge funds have recently made changes to their positions in MANH. BNP Paribas Arbitrage SA boosted its stake in shares of Manhattan Associates by 32.3% during the second quarter. BNP Paribas Arbitrage SA now owns 10,167 shares of the software maker’s stock worth $478,000 after buying an additional 2,481 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Manhattan Associates by 7.4% during the second quarter. Commonwealth Equity Services LLC now owns 26,977 shares of the software maker’s stock worth $1,268,000 after buying an additional 1,856 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Manhattan Associates by 43.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,575 shares of the software maker’s stock worth $779,000 after buying an additional 5,000 shares during the period. Barings LLC acquired a new stake in shares of Manhattan Associates during the second quarter worth about $291,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Manhattan Associates during the second quarter worth about $848,000.
Shares of MANH stock opened at $46.86 on Friday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 27.24 and a beta of 1.24. Manhattan Associates has a 1 year low of $39.10 and a 1 year high of $62.39.
Manhattan Associates Company Profile
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.
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