Manhattan Associates, Inc. (MANH) to Release Quarterly Earnings on Tuesday
Manhattan Associates, Inc. (NASDAQ:MANH) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Manhattan Associates has set its FY17 guidance at $1.85-1.89 EPS.
Manhattan Associates (NASDAQ:MANH) last issued its earnings results on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. Manhattan Associates had a net margin of 20.55% and a return on equity of 75.58%. The business had revenue of $154.10 million for the quarter, compared to the consensus estimate of $153.80 million. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts expect Manhattan Associates to post $1.76 EPS for the current fiscal year and $1.8 EPS for the next fiscal year.
Manhattan Associates, Inc. (MANH) opened at 46.77 on Tuesday. Manhattan Associates, Inc. has a 52 week low of $40.83 and a 52 week high of $59.60. The stock has a 50 day moving average of $43.57 and a 200-day moving average of $45.67. The stock has a market cap of $3.22 billion, a P/E ratio of 27.02 and a beta of 1.12.
MANH has been the subject of several recent research reports. SunTrust Banks, Inc. initiated coverage on shares of Manhattan Associates in a research report on Monday, June 26th. They issued a “hold” rating and a $45.00 target price for the company. BidaskClub downgraded shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $65.00.
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About Manhattan Associates
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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