Today: Today: Manhattan Associates Inc. (MANH) Scheduled to Post Earnings on Tuesday

Today: Manhattan Associates Inc. (MANH) Scheduled to Post Earnings on Tuesday

Manhattan Associates Inc. (NASDAQ:MANH) is scheduled to be releasing its earnings data on Tuesday, October 18th. Persons interested in listening to the company’s earnings conference call can do so using this link.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Manhattan Associates had a return on equity of 62.72% and a net margin of 19.56%. The company had revenue of $154.90 million for the quarter, compared to analyst estimates of $153.75 million. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, analysts expect Manhattan Associates to post $1.79 EPS for the current fiscal year and $2.01 EPS for the next fiscal year.

Shares of Manhattan Associates Inc. (NASDAQ:MANH) opened at 56.78 on Monday. The company’s 50-day moving average price is $58.60 and its 200 day moving average price is $60.88. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 35.94 and a beta of 1.31. Manhattan Associates Inc. has a 12-month low of $44.14 and a 12-month high of $77.75.

Several analysts have commented on MANH shares. Zacks Investment Research lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Brean Capital reissued a “buy” rating and issued a $75.00 price objective on shares of Manhattan Associates in a report on Wednesday, August 3rd. Finally, Raymond James Financial Inc. reissued an “outperform” rating and issued a $74.00 price objective (down from $75.00) on shares of Manhattan Associates in a report on Friday, July 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Manhattan Associates currently has an average rating of “Buy” and an average price target of $72.17.

Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Manhattan Associates by 32.4% in the second quarter. American Century Companies Inc. now owns 187,306 shares of the company’s stock worth $12,012,000 after buying an additional 45,820 shares in the last quarter. BlackRock Inc. raised its stake in shares of Manhattan Associates by 61.9% in the second quarter. BlackRock Inc. now owns 128,189 shares of the company’s stock worth $8,221,000 after buying an additional 49,006 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Manhattan Associates by 19.2% in the second quarter. BlackRock Group LTD now owns 150,180 shares of the company’s stock worth $9,632,000 after buying an additional 24,162 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Manhattan Associates by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,501,847 shares of the company’s stock worth $160,443,000 after buying an additional 105,712 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Manhattan Associates by 1,569.6% in the second quarter. US Bancorp DE now owns 22,389 shares of the company’s stock worth $1,436,000 after buying an additional 21,048 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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