Zacks: Analysts Expect Manhattan Associates, Inc. (MANH) Will Announce Earnings of $0.37 Per Share

Equities analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to announce $0.37 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Manhattan Associates’ earnings. Manhattan Associates reported earnings of $0.45 per share during the same quarter last year, which would indicate a negative year over year growth rate of 17.8%. The firm is expected to announce its next quarterly 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 financial year, with EPS estimates ranging from $1.70 to $1.71. For the next year, analysts expect that the company will report 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 an average based on a survey of research analysts that that provide coverage for Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, October 23rd. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. Manhattan Associates had a return on equity of 71.67% and a net margin of 18.48%. The company had revenue of $142.40 million during the quarter, compared to analysts’ expectations of $142.38 million. During the same period in the prior year, the business posted $0.51 EPS. Manhattan Associates’s revenue was down 6.9% on a year-over-year basis.

A number of research firms have weighed in on MANH. BidaskClub downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Benchmark reaffirmed a “buy” rating and set a $65.00 price target (up previously from $55.00) on shares of Manhattan Associates in a research 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 target for the company in a research report on Tuesday, October 30th. Finally, SunTrust Banks cut their price objective on Manhattan Associates to $50.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $54.00.

A number of hedge funds have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new position in shares of Manhattan Associates in the third quarter worth $104,000. Macquarie Group Ltd. increased its position in shares of Manhattan Associates by 366.7% in the second quarter. Macquarie Group Ltd. now owns 2,800 shares of the software maker’s stock worth $132,000 after purchasing an additional 2,200 shares during the period. Bessemer Group Inc. increased its position in shares of Manhattan Associates by 2,378.4% in the third quarter. Bessemer Group Inc. now owns 3,098 shares of the software maker’s stock worth $169,000 after purchasing an additional 2,973 shares during the period. New England Asset Management Inc. bought a new position in shares of Manhattan Associates in the second quarter worth $198,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Manhattan Associates in the third quarter worth $218,000.

NASDAQ MANH opened at $47.04 on Friday. Manhattan Associates has a 52-week low of $39.10 and a 52-week high of $62.39. The company has a market cap of $3.02 billion, a P/E ratio of 27.35 and a beta of 1.24.

About Manhattan Associates

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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