Analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to post $144.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Manhattan Associates’ earnings, with the highest sales estimate coming in at $146.60 million and the lowest estimate coming in at $142.10 million. Manhattan Associates reported sales of $147.59 million in the same quarter last year, which would suggest a negative year over year growth rate of 2%. The company is expected to issue its next earnings results on Tuesday, January 30th.
On average, analysts expect that Manhattan Associates will report full-year sales of $144.58 million for the current year, with estimates ranging from $592.60 million to $597.10 million. For the next fiscal year, analysts anticipate that the firm will post sales of $559.18 million per share, with estimates ranging from $557.60 million to $560.39 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Manhattan Associates.
Manhattan Associates (NASDAQ:MANH) last released its earnings results on Tuesday, October 24th. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Manhattan Associates had a net margin of 20.38% and a return on equity of 74.19%. The business had revenue of $152.88 million for the quarter, compared to analysts’ expectations of $150.30 million. During the same period last year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis.
Manhattan Associates (MANH) traded up $1.53 on Friday, hitting $51.19. 1,079,400 shares of the company traded hands, compared to its average volume of 744,033. Manhattan Associates has a twelve month low of $40.75 and a twelve month high of $55.52. The firm has a market capitalization of $3,423.22, a PE ratio of 29.42 and a beta of 1.15.
In related news, CEO Eddie Capel sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $42.04, for a total value of $966,920.00. Following the transaction, the chief executive officer now owns 180,057 shares in the company, valued at $7,569,596.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.01% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Stephens Inc. AR raised its holdings in Manhattan Associates by 0.5% in the second quarter. Stephens Inc. AR now owns 6,086 shares of the software maker’s stock valued at $292,000 after buying an additional 32 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Manhattan Associates by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock valued at $123,000 after buying an additional 271 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in Manhattan Associates by 2.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,454 shares of the software maker’s stock valued at $799,000 after buying an additional 322 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Manhattan Associates by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 102,222 shares of the software maker’s stock valued at $4,914,000 after buying an additional 454 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in Manhattan Associates by 41.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock valued at $120,000 after buying an additional 726 shares during the period.
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About Manhattan Associates
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through 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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