Manhattan Associates, Inc. (MANH) Expected to Earn Q1 2018 Earnings of $0.28 Per Share
Manhattan Associates, Inc. (NASDAQ:MANH) – Equities research analysts at William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of Manhattan Associates in a report released on Wednesday. William Blair analyst M. Pfau expects that the software maker will post earnings of $0.28 per share for the quarter. William Blair also issued estimates for Manhattan Associates’ Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.38 EPS and FY2019 earnings at $1.18 EPS.
Several other research analysts have also recently weighed in on MANH. BidaskClub cut shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. KeyCorp restated a “hold” rating on shares of Manhattan Associates in a research report on Tuesday, October 17th. Finally, Zacks Investment Research cut shares of Manhattan Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $55.00.
Manhattan Associates (NASDAQ:MANH) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. Manhattan Associates had a return on equity of 72.02% and a net margin of 19.59%. The firm had revenue of $144.09 million for the quarter, compared to analysts’ expectations of $144.86 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was down 2.4% on a year-over-year basis.
Manhattan Associates declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 6th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Several hedge funds have recently bought and sold shares of the stock. Koch Industries Inc. increased its position in shares of Manhattan Associates by 16.7% in the fourth quarter. Koch Industries Inc. now owns 18,433 shares of the software maker’s stock worth $913,000 after purchasing an additional 2,642 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Manhattan Associates in the fourth quarter worth approximately $1,124,000. Geode Capital Management LLC increased its position in shares of Manhattan Associates by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 600,239 shares of the software maker’s stock worth $29,735,000 after purchasing an additional 1,699 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Manhattan Associates by 9.0% in the fourth quarter. King Luther Capital Management Corp now owns 35,830 shares of the software maker’s stock worth $1,775,000 after purchasing an additional 2,955 shares during the last quarter. Finally, Carillon Tower Advisers Inc. bought a new position in shares of Manhattan Associates in the fourth quarter worth approximately $38,930,000.
About Manhattan Associates
Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.
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