Manhattan Associates, Inc. (NASDAQ:MANH) Expected to Post Quarterly Sales of $146.26 Million

Equities analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to announce sales of $146.26 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Manhattan Associates’ earnings, with the lowest sales estimate coming in at $145.88 million and the highest estimate coming in at $146.60 million. Manhattan Associates reported sales of $141.87 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The business is scheduled to announce its next earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that Manhattan Associates will report full-year sales of $588.86 million for the current year, with estimates ranging from $588.25 million to $590.04 million. For the next year, analysts expect that the business will report sales of $613.07 million, with estimates ranging from $598.32 million to $624.10 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Tuesday, April 23rd. The software maker reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Manhattan Associates had a net margin of 17.85% and a return on equity of 73.80%. The business had revenue of $148.40 million for the quarter, compared to analyst estimates of $137.55 million. During the same quarter last year, the firm posted $0.37 earnings per share. Manhattan Associates’s revenue was up 13.6% on a year-over-year basis.

MANH has been the topic of several recent research reports. TheStreet upgraded shares of Manhattan Associates from a “c+” rating to a “b-” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday, April 26th. SunTrust Banks upgraded shares of Manhattan Associates from a “hold” rating to a “buy” rating and set a $59.02 target price on the stock in a research report on Monday, April 22nd. Finally, BidaskClub upgraded shares of Manhattan Associates from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $64.67.

In related news, SVP Robert G. Howell sold 2,750 shares of Manhattan Associates stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $54.00, for a total transaction of $148,500.00. Following the completion of the transaction, the senior vice president now directly owns 155,697 shares of the company’s stock, valued at approximately $8,407,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.68% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Pearl River Capital LLC bought a new position in Manhattan Associates during the 4th quarter valued at about $40,000. Captrust Financial Advisors lifted its holdings in Manhattan Associates by 83.0% during the 4th quarter. Captrust Financial Advisors now owns 1,041 shares of the software maker’s stock valued at $44,000 after purchasing an additional 472 shares during the last quarter. Manchester Capital Management LLC bought a new position in Manhattan Associates during the 1st quarter valued at about $60,000. Rockefeller Capital Management L.P. bought a new position in Manhattan Associates during the 1st quarter valued at about $67,000. Finally, Quantamental Technologies LLC lifted its holdings in Manhattan Associates by 23.7% during the 1st quarter. Quantamental Technologies LLC now owns 1,677 shares of the software maker’s stock valued at $92,000 after purchasing an additional 321 shares during the last quarter.

Shares of Manhattan Associates stock opened at $67.02 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. Manhattan Associates has a twelve month low of $39.01 and a twelve month high of $68.96. The stock has a market cap of $4.33 billion, a PE ratio of 42.42 and a beta of 1.49.

Manhattan Associates Company Profile

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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