Brokerages Anticipate Manhattan Associates, Inc. (NASDAQ:MANH) Will Announce Earnings of $0.54 Per Share

Wall Street brokerages expect Manhattan Associates, Inc. (NASDAQ:MANH) to report earnings of $0.54 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Manhattan Associates’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.53. Manhattan Associates reported earnings of $0.51 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The firm is expected to report its next quarterly earnings results on Thursday, October 28th.

On average, analysts expect that Manhattan Associates will report full-year earnings of $2.03 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.04. For the next financial year, analysts anticipate that the firm will report earnings of $2.00 per share, with EPS estimates ranging from $1.87 to $2.07. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Monday, July 26th. The software maker reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.18. The firm had revenue of $166.11 million during the quarter, compared to the consensus estimate of $156.98 million. Manhattan Associates had a return on equity of 46.33% and a net margin of 15.93%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS.

Several equities analysts have weighed in on the company. Benchmark lifted their target price on Manhattan Associates from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, August 30th. TheStreet raised Manhattan Associates from a “c+” rating to a “b” rating in a research report on Tuesday, July 27th. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research report on Tuesday, August 3rd. Truist Securities lifted their target price on Manhattan Associates from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, August 30th. Finally, Truist lifted their target price on Manhattan Associates from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, August 30th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $177.71.

Shares of NASDAQ:MANH traded down $3.48 during midday trading on Thursday, reaching $159.68. 304,214 shares of the company’s stock were exchanged, compared to its average volume of 350,247. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 103.69 and a beta of 1.98. The firm’s 50 day simple moving average is $156.71 and its two-hundred day simple moving average is $139.78. Manhattan Associates has a fifty-two week low of $83.74 and a fifty-two week high of $167.75.

In related news, Director Thomas E. Noonan sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $165.66, for a total transaction of $3,313,200.00. Following the completion of the sale, the director now owns 107,969 shares in the company, valued at $17,886,144.54. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John J. Huntz, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 4th. The stock was sold at an average price of $162.33, for a total value of $811,650.00. Following the sale, the director now owns 64,808 shares of the company’s stock, valued at approximately $10,520,282.64. The disclosure for this sale can be found here. Company insiders own 0.77% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Sowell Financial Services LLC increased its holdings in shares of Manhattan Associates by 1,090.9% in the first quarter. Sowell Financial Services LLC now owns 262 shares of the software maker’s stock valued at $35,000 after purchasing an additional 240 shares during the period. Advisory Services Network LLC acquired a new position in shares of Manhattan Associates in the second quarter valued at approximately $44,000. Eagle Bay Advisors LLC acquired a new position in shares of Manhattan Associates in the second quarter valued at approximately $48,000. Fifth Third Bancorp increased its holdings in shares of Manhattan Associates by 267.8% in the first quarter. Fifth Third Bancorp now owns 331 shares of the software maker’s stock valued at $39,000 after purchasing an additional 241 shares during the period. Finally, Dark Forest Capital Management LP acquired a new position in shares of Manhattan Associates in the second quarter valued at approximately $50,000. Institutional investors own 96.61% of the company’s stock.

Manhattan Associates Company Profile

Manhattan Associates, Inc engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segments: The Americas, Europe, Middle East and Africa and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.

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

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