Manhattan Associates (MANH) Set to Announce Earnings on Tuesday

Manhattan Associates (NASDAQ:MANHGet Free Report) is scheduled to release its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Manhattan Associates to post earnings of $1.06 per share for the quarter. Manhattan Associates has set its FY24 guidance at $4.22-4.30 EPS and its FY 2024 guidance at 4.220-4.300 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Manhattan Associates (NASDAQ:MANHGet Free Report) last posted its earnings results on Tuesday, July 23rd. The software maker reported $1.18 EPS for the quarter, topping the consensus estimate of $0.96 by $0.22. The firm had revenue of $265.30 million during the quarter, compared to analysts’ expectations of $255.83 million. Manhattan Associates had a net margin of 20.54% and a return on equity of 84.54%. Manhattan Associates’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. 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 Stock Up 1.7 %

Shares of MANH opened at $304.64 on Tuesday. Manhattan Associates has a 52-week low of $182.97 and a 52-week high of $305.61. The firm has a market capitalization of $18.76 billion, a PE ratio of 99.56 and a beta of 1.50. The firm has a 50-day moving average price of $267.33 and a 200 day moving average price of $244.10.

Insider Buying and Selling

In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of Manhattan Associates stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total transaction of $1,539,000.00. Following the sale, the executive vice president now owns 46,287 shares in the company, valued at $11,872,615.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MANH. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Truist Financial increased their price objective on Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Friday. DA Davidson lifted their price objective on shares of Manhattan Associates from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Citigroup boosted their price target on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Loop Capital raised their price objective on Manhattan Associates from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Manhattan Associates presently has an average rating of “Moderate Buy” and a consensus price target of $271.71.

View Our Latest Stock Report on Manhattan Associates

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.

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Earnings History for Manhattan Associates (NASDAQ:MANH)

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