Manhattan Associates (MANH) Updates FY 2019 Earnings Guidance

Manhattan Associates (NASDAQ:MANH) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.38-1.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. The company issued revenue guidance of $564-576 million, compared to the consensus revenue estimate of $564.22 million.Manhattan Associates also updated its FY19 guidance to $1.38-1.42 EPS.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Manhattan Associates from a hold rating to a strong-buy rating and set a $52.00 price objective on the stock in a report on Tuesday, October 30th. ValuEngine cut Manhattan Associates from a buy rating to a hold rating in a research note on Thursday. BidaskClub upgraded Manhattan Associates from a hold rating to a buy rating in a research note on Tuesday, January 29th. Finally, TheStreet cut Manhattan Associates from a b- rating to a c rating in a research note on Thursday, December 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Manhattan Associates currently has a consensus rating of Hold and a consensus price target of $54.67.

NASDAQ MANH traded up $1.04 during trading on Thursday, hitting $49.81. The stock had a trading volume of 395,859 shares, compared to its average volume of 412,473. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 31.53 and a beta of 1.50. Manhattan Associates has a 12 month low of $39.01 and a 12 month high of $62.39.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.09. The firm had revenue of $144.37 million for the quarter, compared to analyst estimates of $139.19 million. Manhattan Associates had a return on equity of 75.44% and a net margin of 18.72%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Sell-side analysts forecast that Manhattan Associates will post 1.1 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was published by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at

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.

Featured Story: Book Value Per Share – BVPS

Receive News & Ratings for Manhattan Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates and related companies with's FREE daily email newsletter.

Leave a Reply