Equities analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to report sales of $138.09 million for the current quarter, according to Zacks. Three analysts have issued estimates for Manhattan Associates’ earnings, with the highest sales estimate coming in at $139.09 million and the lowest estimate coming in at $137.40 million. Manhattan Associates posted sales of $130.57 million in the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The company is scheduled to announce its next earnings report on Tuesday, April 23rd.
According to Zacks, analysts expect that Manhattan Associates will report full-year sales of $570.17 million for the current fiscal year, with estimates ranging from $570.00 million to $570.34 million. For the next fiscal year, analysts anticipate that the firm will report sales of $585.89 million, with estimates ranging from $570.15 million to $598.11 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Manhattan Associates.
Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.09. Manhattan Associates had a return on equity of 74.34% and a net margin of 18.72%. The firm had revenue of $144.37 million during the quarter, compared to analyst estimates of $139.19 million. During the same quarter in the previous year, the business earned $0.45 EPS. Manhattan Associates’s revenue for the quarter was up .2% compared to the same quarter last year.
Several equities analysts recently weighed in on MANH shares. Zacks Investment Research lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. BidaskClub upgraded Manhattan Associates from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. ValuEngine lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, TheStreet upgraded Manhattan Associates from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.00.
Shares of Manhattan Associates stock opened at $57.01 on Thursday. Manhattan Associates has a twelve month low of $39.01 and a twelve month high of $62.39. The stock has a market capitalization of $3.58 billion, a P/E ratio of 36.08 and a beta of 1.49.
In other Manhattan Associates news, VP Bruce Richards sold 5,454 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $55.21, for a total transaction of $301,115.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John J. Huntz, Jr. sold 2,106 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $53.76, for a total value of $113,218.56. Following the sale, the director now owns 70,530 shares of the company’s stock, valued at $3,791,692.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,310 shares of company stock valued at $562,834. 0.99% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its stake in Manhattan Associates by 4,137.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,120,220 shares of the software maker’s stock worth $26,000 after buying an additional 1,093,781 shares in the last quarter. Ruggie Capital Group acquired a new position in shares of Manhattan Associates during the 4th quarter worth approximately $31,000. Pearl River Capital LLC acquired a new position in shares of Manhattan Associates during the 4th quarter worth approximately $40,000. Captrust Financial Advisors boosted its holdings in shares of Manhattan Associates by 83.0% during the 4th quarter. Captrust Financial Advisors now owns 1,041 shares of the software maker’s stock worth $44,000 after purchasing an additional 472 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in shares of Manhattan Associates during the 4th quarter worth approximately $57,000.
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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