Analysts Anticipate Manhattan Associates, Inc. (NASDAQ:MANH) to Announce $0.36 EPS

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Equities analysts expect that Manhattan Associates, Inc. (NASDAQ:MANH) will post earnings per share of $0.36 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Manhattan Associates’ earnings. Manhattan Associates reported earnings of $0.49 per share in the same quarter last year, which would indicate a negative year over year growth rate of 26.5%. The firm is scheduled to report its next earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that Manhattan Associates will report full year earnings of $1.48 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $1.57 per share, with EPS estimates ranging from $1.50 to $1.69. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, July 23rd. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.17. Manhattan Associates had a return on equity of 66.00% and a net margin of 16.33%. The business had revenue of $154.30 million for the quarter, compared to analyst estimates of $146.00 million. During the same period last year, the company earned $0.47 EPS. Manhattan Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year.

MANH has been the topic of several recent research reports. Benchmark restated a “buy” rating and set a $90.00 price target (up from $75.00) on shares of Manhattan Associates in a research report on Wednesday, July 24th. Rosenblatt Securities initiated coverage on Manhattan Associates in a research report on Thursday, August 15th. They set a “buy” rating and a $100.00 price target on the stock. ValuEngine lowered Manhattan Associates from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. BidaskClub upgraded Manhattan Associates from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 16th. Finally, SunTrust Banks raised their price target on Manhattan Associates from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $95.50.

In other Manhattan Associates news, CEO Eddie Capel sold 40,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $87.48, for a total value of $3,499,200.00. Following the completion of the sale, the chief executive officer now owns 261,357 shares in the company, valued at approximately $22,863,510.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Dennis B. Story sold 10,600 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $85.00, for a total value of $901,000.00. Following the completion of the sale, the chief financial officer now owns 124,533 shares of the company’s stock, valued at approximately $10,585,305. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,100 shares of company stock worth $4,697,840. 0.68% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Manhattan Associates by 2.2% in the 2nd quarter. BlackRock Inc. now owns 6,325,561 shares of the software maker’s stock worth $438,551,000 after buying an additional 137,409 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Manhattan Associates by 4.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,282,579 shares of the software maker’s stock worth $88,922,000 after buying an additional 57,569 shares during the period. Invesco Ltd. lifted its holdings in Manhattan Associates by 395.8% in the 2nd quarter. Invesco Ltd. now owns 1,269,860 shares of the software maker’s stock worth $88,039,000 after buying an additional 1,013,762 shares during the period. AQR Capital Management LLC lifted its holdings in Manhattan Associates by 3.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,124,425 shares of the software maker’s stock worth $77,259,000 after buying an additional 34,388 shares during the period. Finally, Royce & Associates LP lifted its holdings in Manhattan Associates by 4.7% in the 1st quarter. Royce & Associates LP now owns 1,036,635 shares of the software maker’s stock worth $57,129,000 after buying an additional 46,913 shares during the period.

MANH traded down $1.60 on Friday, hitting $83.78. 427,880 shares of the company were exchanged, compared to its average volume of 576,636. The firm has a fifty day simple moving average of $79.36 and a two-hundred day simple moving average of $65.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.42 and a current ratio of 1.42. Manhattan Associates has a 12 month low of $39.01 and a 12 month high of $89.53. The stock has a market capitalization of $5.39 billion, a PE ratio of 53.03 and a beta of 1.42.

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 offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.

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