Zacks: Analysts Expect Manhattan Associates, Inc. (NASDAQ:MANH) to Post $0.53 EPS

Wall Street brokerages expect Manhattan Associates, Inc. (NASDAQ:MANH – Get Rating) to post earnings per share of $0.53 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Manhattan Associates’ earnings, with estimates ranging from $0.53 to $0.54. Manhattan Associates reported earnings of $0.61 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.1%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Manhattan Associates will report full-year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.21. For the next year, analysts forecast that the business will report earnings of $2.50 per share, with EPS estimates ranging from $2.44 to $2.53. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Manhattan Associates.

Manhattan Associates (NASDAQ:MANH – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The software maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.15. Manhattan Associates had a return on equity of 51.60% and a net margin of 17.27%. During the same quarter last year, the firm posted $0.29 EPS.

Several brokerages have commented on MANH. Rosenblatt Securities cut their price objective on Manhattan Associates from $195.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 2nd. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “strong-buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday, May 3rd. Raymond James raised Manhattan Associates from a “market perform” rating to an “outperform” rating and set a $170.00 price target on the stock in a research report on Tuesday, March 22nd. Finally, StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $178.33.

Manhattan Associates stock traded up $6.33 during mid-day trading on Friday, hitting $121.78. The company’s stock had a trading volume of 381,737 shares, compared to its average volume of 334,726. The company has a 50 day moving average of $133.62 and a 200-day moving average of $143.14. The stock has a market cap of $7.69 billion, a PE ratio of 65.83 and a beta of 1.89. Manhattan Associates has a one year low of $112.15 and a one year high of $188.52.

A number of institutional investors have recently added to or reduced their stakes in MANH. BlackRock Inc. raised its stake in shares of Manhattan Associates by 3.8% in the fourth quarter. BlackRock Inc. now owns 6,043,245 shares of the software maker’s stock worth $939,665,000 after purchasing an additional 222,084 shares during the last quarter. Invesco Ltd. raised its stake in shares of Manhattan Associates by 16.3% in the fourth quarter. Invesco Ltd. now owns 3,436,974 shares of the software maker’s stock worth $534,415,000 after purchasing an additional 481,951 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Manhattan Associates by 5.0% in the fourth quarter. Alliancebernstein L.P. now owns 2,223,608 shares of the software maker’s stock worth $345,749,000 after purchasing an additional 106,752 shares during the last quarter. State Street Corp raised its stake in shares of Manhattan Associates by 0.8% in the fourth quarter. State Street Corp now owns 1,656,816 shares of the software maker’s stock worth $257,618,000 after purchasing an additional 13,670 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Manhattan Associates by 7.1% during the first quarter. American Century Companies Inc. now owns 1,426,576 shares of the software maker’s stock valued at $197,880,000 after acquiring an additional 94,313 shares in the last quarter. Institutional investors own 96.76% of the company’s stock.

About Manhattan Associates (Get Rating)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It 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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