Equities research analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to report sales of $151.73 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Manhattan Associates’ earnings, with the highest sales estimate coming in at $152.06 million and the lowest estimate coming in at $151.54 million. Manhattan Associates posted sales of $142.35 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.6%. The business is expected to announce its next earnings results after the market closes on Tuesday, October 22nd.
According to Zacks, analysts expect that Manhattan Associates will report full year sales of $601.04 million for the current year, with estimates ranging from $600.79 million to $601.34 million. For the next financial year, analysts expect that the company will post sales of $630.64 million, with estimates ranging from $620.75 million to $643.27 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Manhattan Associates.
Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, July 23rd. The software maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.17. The company had revenue of $154.30 million during the quarter, compared to analysts’ expectations of $146.00 million. Manhattan Associates had a net margin of 16.33% and a return on equity of 66.00%. Manhattan Associates’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS.
In other news, CEO Eddie Capel sold 40,000 shares of Manhattan Associates stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $87.48, for a total transaction of $3,499,200.00. Following the completion of the transaction, the chief executive officer now directly owns 261,357 shares of the company’s stock, valued at approximately $22,863,510.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John J. Huntz, Jr. sold 3,500 shares of Manhattan Associates stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.04, for a total transaction of $297,640.00. Following the transaction, the director now directly owns 70,170 shares of the company’s stock, valued at $5,967,256.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,100 shares of company stock valued at $4,697,840. Insiders own 0.68% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its holdings in Manhattan Associates by 25.4% in the 2nd quarter. CWM LLC now owns 647 shares of the software maker’s stock worth $45,000 after acquiring an additional 131 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in Manhattan Associates by 0.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 17,188 shares of the software maker’s stock worth $1,192,000 after acquiring an additional 150 shares in the last quarter. Arizona State Retirement System increased its holdings in Manhattan Associates by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 46,881 shares of the software maker’s stock worth $3,250,000 after acquiring an additional 194 shares in the last quarter. Zions Bancorporation N.A. increased its holdings in Manhattan Associates by 6.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 3,758 shares of the software maker’s stock worth $261,000 after acquiring an additional 213 shares in the last quarter. Finally, Zebra Capital Management LLC increased its holdings in Manhattan Associates by 5.6% in the 2nd quarter. Zebra Capital Management LLC now owns 4,512 shares of the software maker’s stock worth $313,000 after acquiring an additional 239 shares in the last quarter.
MANH stock traded up $1.46 during trading on Friday, reaching $86.64. The company had a trading volume of 413,205 shares, compared to its average volume of 496,124. The firm has a 50-day simple moving average of $82.56 and a 200-day simple moving average of $72.05. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 54.84 and a beta of 1.51. 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 twelve month low of $39.01 and a twelve month high of $89.53.
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 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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