Wall Street brokerages predict that Manhattan Associates, Inc. (NASDAQ:MANH) will post $150.38 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Manhattan Associates’ earnings. The lowest sales estimate is $149.10 million and the highest is $151.64 million. Manhattan Associates reported sales of $152.21 million during the same quarter last year, which indicates a negative year over year growth rate of 1.2%. The business is expected to issue its next quarterly earnings report after the market closes on Tuesday, October 17th.
On average, analysts expect that Manhattan Associates will report full year sales of $150.38 million for the current year, with estimates ranging from $591.80 million to $595.70 million. For the next fiscal year, analysts forecast that the firm will post sales of $617.56 million per share, with estimates ranging from $610.68 million to $624.00 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Manhattan Associates.
Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. The company had revenue of $154.10 million during the quarter, compared to analysts’ expectations of $153.80 million. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Manhattan Associates from a “hold” rating to a “sell” rating in a report on Thursday. SunTrust Banks, Inc. raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, BidaskClub lowered Manhattan Associates from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $65.00.
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Manhattan Associates (MANH) traded up 0.54% during mid-day trading on Thursday, reaching $46.28. The company’s stock had a trading volume of 398,841 shares. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 26.74 and a beta of 1.12. The firm has a 50-day moving average of $42.93 and a 200-day moving average of $45.87. Manhattan Associates has a 52 week low of $40.83 and a 52 week high of $59.60.
Several large investors have recently bought and sold shares of the company. World Asset Management Inc grew its holdings in shares of Manhattan Associates by 0.4% during the second quarter. World Asset Management Inc now owns 5,015 shares of the software maker’s stock valued at $241,000 after purchasing an additional 19 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Manhattan Associates by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,559 shares of the software maker’s stock valued at $459,000 after purchasing an additional 25 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Manhattan Associates by 0.5% during the second quarter. Stephens Inc. AR now owns 6,086 shares of the software maker’s stock valued at $292,000 after purchasing an additional 32 shares during the last quarter. Somerset Trust Co grew its holdings in shares of Manhattan Associates by 0.7% during the second quarter. Somerset Trust Co now owns 5,640 shares of the software maker’s stock valued at $271,000 after purchasing an additional 37 shares during the last quarter. Finally, Advantus Capital Management Inc grew its holdings in shares of Manhattan Associates by 1.9% during the first quarter. Advantus Capital Management Inc now owns 9,013 shares of the software maker’s stock valued at $469,000 after purchasing an additional 166 shares during 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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