$151.73 Million in Sales Expected for Manhattan Associates, Inc. (NASDAQ:MANH) This Quarter

Wall Street brokerages forecast that Manhattan Associates, Inc. (NASDAQ:MANH) will post $151.73 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Manhattan Associates’ earnings. The lowest sales estimate is $151.54 million and the highest is $152.06 million. Manhattan Associates posted sales of $142.35 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.6%. The firm is scheduled to report its next quarterly earnings results 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 forecast that the firm will post sales of $630.64 million, with estimates ranging from $620.75 million to $643.27 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last posted its earnings results on Tuesday, July 23rd. The software maker reported $0.42 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $146.00 million. During the same quarter in the previous year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year.

Several analysts have issued reports on the company. BidaskClub raised Manhattan Associates from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 16th. ValuEngine downgraded Manhattan Associates from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. SunTrust Banks boosted their price objective on Manhattan Associates from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Rosenblatt Securities started coverage on Manhattan Associates in a research report on Thursday, August 15th. They issued a “buy” rating and a $100.00 price objective for the company. Finally, Benchmark reiterated a “buy” rating and issued a $90.00 price objective (up previously from $75.00) on shares of Manhattan Associates in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $95.50.

In other Manhattan Associates news, CEO Eddie Capel sold 40,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 261,357 shares of the company’s stock, valued at $22,863,510.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dennis B. Story sold 10,600 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 124,533 shares in the company, valued at approximately $10,585,305. The disclosure for this sale can be found here. Insiders have sold 54,100 shares of company stock worth $4,697,840 over the last ninety days. 0.68% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Transamerica Financial Advisors Inc. bought a new stake in shares of Manhattan Associates during the 2nd quarter worth approximately $111,000. Kayne Anderson Rudnick Investment Management LLC raised its position in Manhattan Associates by 4.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,282,579 shares of the software maker’s stock valued at $88,922,000 after purchasing an additional 57,569 shares in the last quarter. One Wealth Advisors LLC raised its position in shares of Manhattan Associates by 26.5% in the 2nd quarter. One Wealth Advisors LLC now owns 5,679 shares of the software maker’s stock worth $394,000 after acquiring an additional 1,189 shares in the last quarter. Prudential PLC raised its position in shares of Manhattan Associates by 0.6% in the 2nd quarter. Prudential PLC now owns 493,317 shares of the software maker’s stock worth $34,039,000 after acquiring an additional 2,860 shares in the last quarter. Finally, HM Payson & Co. bought a new position in shares of Manhattan Associates in the 2nd quarter worth $143,000.

MANH traded down $0.29 during midday trading on Monday, hitting $85.82. The stock had a trading volume of 1,549 shares, compared to its average volume of 654,628. The company has a market cap of $5.42 billion, a P/E ratio of 54.40 and a beta of 1.42. The business has a fifty day moving average of $78.79 and a 200 day moving average of $64.99. 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 1 year low of $39.01 and a 1 year 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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