Manhattan Associates (MANH) Set to Announce Earnings on Tuesday

Manhattan Associates (NASDAQ:MANHGet Rating) is set to announce its earnings results after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Manhattan Associates has set its FY22 guidance at $1.98-2.10 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Manhattan Associates (NASDAQ:MANHGet Rating) last released its earnings results on Tuesday, February 1st. The software maker reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. Manhattan Associates had a return on equity of 47.22% and a net margin of 16.65%. The firm had revenue of $171.49 million for the quarter, compared to analysts’ expectations of $162.85 million. During the same quarter in the previous year, the business posted $0.32 EPS. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, analysts expect Manhattan Associates to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Manhattan Associates stock opened at $137.39 on Tuesday. Manhattan Associates has a 12-month low of $118.41 and a 12-month high of $188.52. The stock has a market cap of $8.67 billion, a P/E ratio of 79.88 and a beta of 1.98. The business’s 50 day moving average is $134.27 and its 200-day moving average is $147.36.

A number of research analysts recently weighed in on MANH shares. Rosenblatt Securities decreased their target price on Manhattan Associates from $195.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, February 2nd. Raymond James raised Manhattan Associates from a “market perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a report on Tuesday, March 22nd. Finally, StockNews.com raised Manhattan Associates from a “hold” rating to a “buy” rating in a report on Thursday, April 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Manhattan Associates presently has a consensus rating of “Buy” and an average price target of $182.57.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Manhattan Associates by 3.8% during the 4th quarter. BlackRock Inc. now owns 6,043,245 shares of the software maker’s stock worth $939,665,000 after buying an additional 222,084 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Manhattan Associates by 10.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 492,933 shares of the software maker’s stock valued at $76,646,000 after purchasing an additional 45,129 shares during the last quarter. Sei Investments Co. raised its position in Manhattan Associates by 25.9% in the fourth quarter. Sei Investments Co. now owns 87,380 shares of the software maker’s stock valued at $13,396,000 after purchasing an additional 17,990 shares during the last quarter. Allianz Asset Management GmbH raised its position in Manhattan Associates by 367.4% in the fourth quarter. Allianz Asset Management GmbH now owns 67,208 shares of the software maker’s stock valued at $10,450,000 after purchasing an additional 52,828 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Manhattan Associates by 3.3% in the fourth quarter. Stifel Financial Corp now owns 48,388 shares of the software maker’s stock valued at $7,524,000 after purchasing an additional 1,549 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Manhattan Associates Company Profile (Get Rating)

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It 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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Earnings History for Manhattan Associates (NASDAQ:MANH)

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