Manhattan Associates, Inc. (MANH) Issues FY12 Earnings Guidance
Manhattan Associates, Inc. (MANH) issued an update on its FY12 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.75-2.80 for the period.
Manhattan Associates, Inc. (MANH) traded up 2.15% on Tuesday, hitting $59.31. Manhattan Associates, Inc. (MANH) has a 52-week low of $36.17 and a 52-week high of $60.17. The company has a market cap of $1.187 billion and a price-to-earnings ratio of 23.64.
Manhattan Associates last posted its quarterly earnings results on Tuesday, October 16th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.08. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts predict that Manhattan Associates, Inc. (MANH) will post $2.70 earnings per share for the current fiscal year.
On a related note, analysts at ThinkEquity upgraded shares of Manhattan Associates from a hold rating to a buy rating in a research note to investors on Tuesday, September 18th. They now have a $67.00 price target on the stock, up previously from $42.00.
Manhattan Associates, Inc. (Manhattan) is a developer and provider of supply chain solutions. The Company’s solutions consist of software, services and hardware, which coordinate people, workflows, assets, events and tasks.
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