$143.70 Million in Sales Expected for Manhattan Associates, Inc. (NASDAQ:MANH) This Quarter


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Wall Street analysts forecast that Manhattan Associates, Inc. (NASDAQ:MANH) will report sales of $143.70 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Manhattan Associates’ earnings. The lowest sales estimate is $143.40 million and the highest is $143.92 million. Manhattan Associates posted sales of $153.90 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.6%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, April 27th.

On average, analysts expect that Manhattan Associates will report full year sales of $612.56 million for the current year, with estimates ranging from $610.15 million to $614.45 million. For the next fiscal year, analysts forecast that the business will post sales of $666.56 million, with estimates ranging from $658.30 million to $675.87 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last announced its earnings results on Monday, February 1st. The software maker reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.13. Manhattan Associates had a net margin of 14.09% and a return on equity of 52.61%. The company had revenue of $147.10 million for the quarter, compared to analysts’ expectations of $138.02 million. During the same period last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was down 3.9% on a year-over-year basis.

MANH has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of Manhattan Associates from $132.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday. Zacks Investment Research cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a report on Monday, February 8th. Finally, Rosenblatt Securities raised their target price on shares of Manhattan Associates from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $124.43.

Shares of MANH traded up $0.54 during mid-day trading on Tuesday, hitting $122.84. 819 shares of the company’s stock were exchanged, compared to its average volume of 358,765. Manhattan Associates has a 52 week low of $51.75 and a 52 week high of $146.50. The stock’s 50-day simple moving average is $120.45 and its 200-day simple moving average is $110.15. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 94.08 and a beta of 1.93.

In related news, Director Deepak Raghavan sold 7,087 shares of the company’s stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $128.87, for a total transaction of $913,301.69. Following the sale, the director now owns 40,041 shares of the company’s stock, valued at approximately $5,160,083.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.74% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Manhattan Associates in the 4th quarter worth $30,000. JJJ Advisors Inc. increased its holdings in shares of Manhattan Associates by 312.2% in the 4th quarter. JJJ Advisors Inc. now owns 338 shares of the software maker’s stock worth $36,000 after buying an additional 256 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in shares of Manhattan Associates in the 4th quarter worth $52,000. Harvest Fund Management Co. Ltd bought a new position in shares of Manhattan Associates in the 4th quarter worth $52,000. Finally, Freedman Financial Associates Inc. bought a new position in shares of Manhattan Associates in the 4th quarter worth $112,000.

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 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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Earnings History and Estimates for Manhattan Associates (NASDAQ:MANH)

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