Manhattan Associates (NASDAQ:MANH) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Manhattan Associates to post earnings of $0.27 per share for the quarter. Manhattan Associates has set its FY 2019 guidance at $1.38-1.42 EPS and its FY19 guidance at $1.38-1.42 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings data on Tuesday, February 5th. The software maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. The company had revenue of $144.37 million during the quarter, compared to the consensus estimate of $139.19 million. Manhattan Associates had a net margin of 18.72% and a return on equity of 74.34%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. On average, analysts expect Manhattan Associates to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ MANH opened at $57.36 on Tuesday. The stock has a market cap of $3.69 billion, a PE ratio of 36.30 and a beta of 1.49. Manhattan Associates has a 52-week low of $39.01 and a 52-week high of $62.39.
In other news, SVP Robert G. Howell sold 2,750 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $54.00, for a total transaction of $148,500.00. Following the completion of the sale, the senior vice president now owns 155,697 shares in the company, valued at approximately $8,407,638. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John J. Huntz, Jr. sold 2,106 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $53.76, for a total transaction of $113,218.56. Following the sale, the director now owns 70,530 shares of the company’s stock, valued at approximately $3,791,692.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,310 shares of company stock valued at $562,834. 0.68% of the stock is currently owned by corporate insiders.
MANH has been the subject of a number of research reports. TheStreet upgraded shares of Manhattan Associates from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, January 30th. ValuEngine upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. Finally, BidaskClub upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $56.00.
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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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