$151.73 Million in Sales Expected for Manhattan Associates, Inc. (NASDAQ:MANH) This Quarter

Wall Street brokerages predict that Manhattan Associates, Inc. (NASDAQ:MANH) will announce sales of $151.73 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Manhattan Associates’ earnings, with estimates ranging from $151.54 million to $152.06 million. Manhattan Associates reported sales of $142.35 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.6%. The business is expected to report its next quarterly earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that Manhattan Associates will report full year sales of $601.04 million for the current fiscal year, with estimates ranging from $600.79 million to $601.34 million. For the next fiscal year, analysts expect that the company will post sales of $630.64 million, with estimates ranging from $620.75 million to $643.27 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 earnings results on Tuesday, July 23rd. The software maker reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.17. The firm had revenue of $154.30 million for the quarter, compared to the consensus estimate of $146.00 million. Manhattan Associates had a return on equity of 66.00% and a net margin of 16.33%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Several equities analysts recently issued reports on the company. SunTrust Banks boosted their price target on Manhattan Associates to $85.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. BidaskClub upgraded Manhattan Associates from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 16th. ValuEngine upgraded Manhattan Associates from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Manhattan Associates from a “hold” rating to a “strong-buy” rating and set a $100.00 target price on the stock in a research report on Thursday. Finally, Benchmark reiterated a “buy” rating and set a $90.00 target price (up previously from $75.00) on shares of Manhattan Associates in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The stock presently has an average rating of “Strong Buy” and a consensus price target of $91.67.

In other news, CEO Eddie Capel sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $87.48, for a total transaction of $3,499,200.00. Following the sale, the chief executive officer now owns 261,357 shares of the company’s stock, valued at approximately $22,863,510.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its stake in Manhattan Associates by 25.4% in the 2nd quarter. CWM LLC now owns 647 shares of the software maker’s stock valued at $45,000 after buying an additional 131 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Manhattan Associates by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 46,881 shares of the software maker’s stock worth $3,250,000 after purchasing an additional 194 shares during the period. Zions Bancorporation N.A. lifted its stake in shares of Manhattan Associates by 6.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 3,758 shares of the software maker’s stock worth $261,000 after purchasing an additional 213 shares during the period. Capital Insight Partners LLC lifted its stake in shares of Manhattan Associates by 1.2% during the 1st quarter. Capital Insight Partners LLC now owns 21,023 shares of the software maker’s stock worth $1,159,000 after purchasing an additional 240 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Manhattan Associates by 4.5% during the 4th quarter. LPL Financial LLC now owns 7,097 shares of the software maker’s stock worth $301,000 after purchasing an additional 305 shares during the period.

MANH stock traded up $0.36 during trading on Friday, hitting $85.35. The company had a trading volume of 15,797 shares, compared to its average volume of 513,795. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 54.17 and a beta of 1.45. Manhattan Associates has a 1-year low of $39.01 and a 1-year high of $89.53. The company has a 50-day simple moving average of $72.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.42 and a current ratio of 1.42.

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 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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