Manhattan Associates (MANH) Set to Announce Quarterly Earnings on Tuesday

Manhattan Associates (NASDAQ:MANHGet Free Report) will release its earnings data after the market closes on Tuesday, April 23rd. Analysts expect Manhattan Associates to post earnings of $0.87 per share for the quarter. Manhattan Associates has set its FY24 guidance at $3.69-3.79 EPS and its FY 2024 guidance at 3.690-3.790 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Manhattan Associates (NASDAQ:MANHGet Free Report) last posted its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.23. Manhattan Associates had a return on equity of 84.08% and a net margin of 19.01%. The company had revenue of $238.26 million for the quarter, compared to analyst estimates of $223.99 million. On average, analysts expect Manhattan Associates to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Manhattan Associates Price Performance

Manhattan Associates stock opened at $226.34 on Monday. Manhattan Associates has a 12-month low of $152.32 and a 12-month high of $266.94. The firm’s 50-day moving average is $246.62 and its two-hundred day moving average is $226.69. The stock has a market capitalization of $13.94 billion, a P/E ratio of 80.26 and a beta of 1.44.

Insiders Place Their Bets

In other news, EVP James Stewart Gantt sold 680 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $248.84, for a total transaction of $169,211.20. Following the completion of the sale, the executive vice president now directly owns 57,093 shares of the company’s stock, valued at approximately $14,207,022.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP James Stewart Gantt sold 680 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $248.84, for a total transaction of $169,211.20. Following the transaction, the executive vice president now directly owns 57,093 shares in the company, valued at approximately $14,207,022.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Eddie Capel sold 10,897 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $247.73, for a total value of $2,699,513.81. Following the sale, the chief executive officer now owns 242,153 shares of the company’s stock, valued at approximately $59,988,562.69. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new position in shares of Manhattan Associates during the second quarter valued at $36,000. First Capital Advisors Group LLC. bought a new stake in shares of Manhattan Associates during the 2nd quarter worth approximately $65,000. Compass Wealth Management LLC bought a new stake in Manhattan Associates during the fourth quarter worth $42,000. Sunbelt Securities Inc. bought a new stake in Manhattan Associates in the first quarter valued at approximately $65,000. Finally, Ethic Inc. bought a new stake in Manhattan Associates in the 4th quarter valued at $200,000. 98.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MANH has been the topic of a number of recent research reports. Truist Financial lifted their price target on shares of Manhattan Associates from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Citigroup started coverage on shares of Manhattan Associates in a research note on Wednesday, March 13th. They issued a “neutral” rating and a $260.00 target price on the stock. Raymond James upped their price target on Manhattan Associates from $214.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $225.00 price target on shares of Manhattan Associates in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $231.29.

Read Our Latest Research Report on MANH

About Manhattan Associates

(Get Free Report)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.

Further Reading

Earnings History for Manhattan Associates (NASDAQ:MANH)

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