$143.70 Million in Sales Expected for Manhattan Associates, Inc. (NASDAQ:MANH) This Quarter


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Analysts expect that Manhattan Associates, Inc. (NASDAQ:MANH) will post $143.70 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Manhattan Associates’ earnings, with the highest sales estimate coming in at $143.92 million and the lowest estimate coming in at $143.40 million. Manhattan Associates reported sales of $153.90 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, April 20th.

On average, analysts expect that Manhattan Associates will report full-year sales of $612.56 million for the current financial year, with estimates ranging from $610.15 million to $614.45 million. For the next fiscal year, analysts expect that the company will post sales of $666.56 million, with estimates ranging from $658.30 million to $675.87 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Monday, February 1st. The software maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.32 by $0.13. Manhattan Associates had a return on equity of 52.61% and a net margin of 14.09%. The company had revenue of $147.10 million for the quarter, compared to analyst estimates of $138.02 million. During the same period last year, the company earned $0.40 earnings per share. Manhattan Associates’s quarterly revenue was down 3.9% compared to the same quarter last year.

Several equities analysts have recently weighed in on the company. Rosenblatt Securities raised their target price on Manhattan Associates from $120.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Zacks Investment Research downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, February 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $122.67.

Shares of NASDAQ MANH traded down $3.43 during midday trading on Thursday, hitting $123.89. The stock had a trading volume of 7,306 shares, compared to its average volume of 381,490. The company has a market capitalization of $7.90 billion, a PE ratio of 97.94 and a beta of 1.93. The stock has a 50 day simple moving average of $121.80 and a 200-day simple moving average of $103.42. Manhattan Associates has a 1 year low of $35.20 and a 1 year high of $146.50.

In other Manhattan Associates news, Director Deepak Raghavan sold 7,087 shares of the stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $128.87, for a total transaction of $913,301.69. Following the completion of the transaction, the director now owns 40,041 shares of the company’s stock, valued at $5,160,083.67. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eddie Capel sold 10,734 shares of the stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $102.11, for a total transaction of $1,096,048.74. Following the transaction, the chief executive officer now directly owns 305,139 shares of the company’s stock, valued at approximately $31,157,743.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,821 shares of company stock valued at $4,091,150. 0.74% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System raised its holdings in Manhattan Associates by 0.6% in the third quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the software maker’s stock valued at $1,518,000 after acquiring an additional 100 shares in the last quarter. Cresset Asset Management LLC raised its holdings in Manhattan Associates by 4.4% in the fourth quarter. Cresset Asset Management LLC now owns 2,665 shares of the software maker’s stock valued at $280,000 after acquiring an additional 113 shares in the last quarter. US Bancorp DE raised its holdings in Manhattan Associates by 10.2% in the third quarter. US Bancorp DE now owns 1,420 shares of the software maker’s stock valued at $135,000 after acquiring an additional 131 shares in the last quarter. LPL Financial LLC raised its holdings in Manhattan Associates by 3.2% in the fourth quarter. LPL Financial LLC now owns 4,217 shares of the software maker’s stock valued at $444,000 after acquiring an additional 131 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in Manhattan Associates by 2.6% in the fourth quarter. Profund Advisors LLC now owns 5,382 shares of the software maker’s stock valued at $566,000 after acquiring an additional 138 shares in the last quarter.

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

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