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.

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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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