Manhattan Associates Inc. (NASDAQ:MANH) will be announcing its earnings results on Tuesday, October 18th. Investors that wish to register for the company’s conference call can do so using this link.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Manhattan Associates had a net margin of 19.56% and a return on equity of 62.72%. The business earned $154.90 million during the quarter, compared to analyst estimates of $153.75 million. During the same period last year, the business posted $0.37 earnings per share. On average, analysts expect Manhattan Associates to post $1.79 EPS for the current fiscal year and $2.01 EPS for the next fiscal year.
Shares of Manhattan Associates Inc. (NASDAQ:MANH) opened at 57.31 on Friday. Manhattan Associates Inc. has a one year low of $44.14 and a one year high of $77.75. The firm has a 50-day moving average of $58.69 and a 200 day moving average of $60.85. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 36.27 and a beta of 1.31.
MANH has been the topic of several recent research reports. Brean Capital restated a “buy” rating and set a $75.00 target price on shares of Manhattan Associates in a research report on Wednesday, August 3rd. Zacks Investment Research cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Finally, Raymond James Financial Inc. reiterated an “outperform” rating and set a $74.00 price target (down from $75.00) on shares of Manhattan Associates in a report on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Manhattan Associates currently has an average rating of “Buy” and an average target price of $72.17.
A number of hedge funds have recently added to or reduced their stakes in MANH. American Century Companies Inc. raised its stake in Manhattan Associates by 32.4% in the second quarter. American Century Companies Inc. now owns 187,306 shares of the company’s stock valued at $12,012,000 after buying an additional 45,820 shares in the last quarter. BlackRock Inc. raised its stake in Manhattan Associates by 61.9% in the second quarter. BlackRock Inc. now owns 128,189 shares of the company’s stock valued at $8,221,000 after buying an additional 49,006 shares in the last quarter. BlackRock Group LTD raised its stake in Manhattan Associates by 19.2% in the second quarter. BlackRock Group LTD now owns 150,180 shares of the company’s stock valued at $9,632,000 after buying an additional 24,162 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Manhattan Associates by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,501,847 shares of the company’s stock valued at $160,443,000 after buying an additional 105,712 shares in the last quarter. Finally, US Bancorp DE raised its stake in Manhattan Associates by 1,569.6% in the second quarter. US Bancorp DE now owns 22,389 shares of the company’s stock valued at $1,436,000 after buying an additional 21,048 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.
About Manhattan Associates
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company has three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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