$0.35 EPS Expected for Manhattan Associates, Inc. (MANH) This Quarter

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Equities research analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to report earnings per share of $0.35 for the current quarter, Zacks reports. Three analysts have made estimates for Manhattan Associates’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.34. Manhattan Associates posted earnings of $0.37 per share during the same quarter last year, which indicates a negative year over year growth rate of 5.4%. The business is expected to report its next quarterly earnings report on Tuesday, April 23rd.

According to Zacks, analysts expect that Manhattan Associates will report full-year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.37 to $1.40. For the next financial year, analysts forecast that the firm will report earnings of $1.47 per share, with EPS estimates ranging from $1.39 to $1.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $139.19 million. During the same quarter in the previous year, the company posted $0.45 EPS. The business’s revenue was up .2% on a year-over-year basis.

Several brokerages recently commented on MANH. Zacks Investment Research upgraded Manhattan Associates from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a research report on Saturday, February 9th. BidaskClub raised Manhattan Associates from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. TheStreet downgraded Manhattan Associates from a “b-” rating to a “c” rating in a research note on Thursday, December 27th. Finally, ValuEngine downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $56.00.

In related news, Director John J. Huntz, Jr. sold 2,106 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $53.76, for a total transaction of $113,218.56. Following the completion of the sale, the director now directly owns 70,530 shares of the company’s stock, valued at $3,791,692.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bruce Richards sold 5,454 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $55.21, for a total value of $301,115.34. The disclosure for this sale can be found here. Corporate insiders own 0.99% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arizona State Retirement System increased its position in shares of Manhattan Associates by 0.5% during the fourth quarter. Arizona State Retirement System now owns 46,924 shares of the software maker’s stock valued at $1,988,000 after acquiring an additional 231 shares during the last quarter. Alps Advisors Inc. grew its holdings in Manhattan Associates by 1.0% during the fourth quarter. Alps Advisors Inc. now owns 28,062 shares of the software maker’s stock valued at $1,189,000 after purchasing an additional 291 shares during the period. LPL Financial LLC grew its holdings in Manhattan Associates by 4.5% during the fourth quarter. LPL Financial LLC now owns 7,097 shares of the software maker’s stock valued at $301,000 after purchasing an additional 305 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Manhattan Associates by 3.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,047 shares of the software maker’s stock valued at $426,000 after purchasing an additional 373 shares during the period. Finally, Stephens Inc. AR grew its holdings in Manhattan Associates by 5.4% during the fourth quarter. Stephens Inc. AR now owns 7,642 shares of the software maker’s stock valued at $324,000 after purchasing an additional 391 shares during the period.

Shares of Manhattan Associates stock traded up $0.07 on Friday, hitting $55.26. 504,688 shares of the company’s stock traded hands, compared to its average volume of 434,602. Manhattan Associates has a one year low of $39.01 and a one year high of $62.39. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 34.97 and a beta of 1.49.

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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