$139.09 Million in Sales Expected for Manhattan Associates, Inc. (MANH) This Quarter

Wall Street analysts expect that Manhattan Associates, Inc. (NASDAQ:MANH) will report sales of $139.09 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Manhattan Associates’ earnings, with the lowest sales estimate coming in at $138.72 million and the highest estimate coming in at $139.50 million. Manhattan Associates posted sales of $144.09 million in the same quarter last year, which would indicate a negative year over year growth rate of 3.5%. The company is expected to announce its next quarterly earnings report on Tuesday, February 5th.

On average, analysts expect that Manhattan Associates will report full year sales of $553.86 million for the current fiscal year, with estimates ranging from $553.51 million to $554.20 million. For the next year, analysts anticipate that the company will post sales of $563.87 million, with estimates ranging from $562.16 million to $565.63 million. Zacks’ sales averages are an average based on a survey of research firms that cover Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, October 23rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $142.40 million during the quarter, compared to analysts’ expectations of $142.38 million. Manhattan Associates had a return on equity of 71.67% and a net margin of 18.48%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share.

A number of brokerages have weighed in on MANH. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research report on Tuesday, October 30th. BidaskClub cut Manhattan Associates from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Benchmark reiterated a “buy” rating and issued a $65.00 price objective (up from $55.00) on shares of Manhattan Associates in a research note on Friday, September 14th. Finally, SunTrust Banks lowered Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $54.00.

Shares of NASDAQ:MANH traded up $0.82 on Friday, reaching $47.35. The company had a trading volume of 299,973 shares, compared to its average volume of 569,189. Manhattan Associates has a twelve month low of $39.10 and a twelve month high of $62.39. The stock has a market capitalization of $3.04 billion, a P/E ratio of 27.53 and a beta of 1.27.

In other news, Director John J. Huntz, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $56.42, for a total value of $112,840.00. Following the sale, the director now directly owns 72,636 shares in the company, valued at approximately $4,098,123.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.99% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Manhattan Associates in the 3rd quarter worth approximately $104,000. Transamerica Financial Advisors Inc. acquired a new position in shares of Manhattan Associates in the 2nd quarter worth approximately $111,000. Macquarie Group Ltd. boosted its holdings in shares of Manhattan Associates by 366.7% in the 2nd quarter. Macquarie Group Ltd. now owns 2,800 shares of the software maker’s stock worth $132,000 after acquiring an additional 2,200 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Manhattan Associates by 2,378.4% in the 3rd quarter. Bessemer Group Inc. now owns 3,098 shares of the software maker’s stock worth $169,000 after acquiring an additional 2,973 shares in the last quarter. Finally, New England Asset Management Inc. acquired a new position in shares of Manhattan Associates in the 2nd quarter worth approximately $198,000.

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 provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.

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