Manhattan Associates (MANH) Issues FY18 Earnings Guidance

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Manhattan Associates (NASDAQ:MANH) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $1.69-1.71 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.60. The company issued revenue guidance of $554.04 million, compared to the consensus revenue estimate of prior $1.57-1.61.Manhattan Associates also updated its FY 2018 guidance to $1.69-1.71 EPS.

Several research firms recently commented on MANH. BidaskClub raised Manhattan Associates from a buy rating to a strong-buy rating in a research note on Tuesday, July 10th. TheStreet raised Manhattan Associates from a c+ rating to a b- rating in a research note on Friday, July 6th. Zacks Investment Research cut Manhattan Associates from a hold rating to a sell rating in a research note on Friday, July 27th. ValuEngine raised Manhattan Associates from a hold rating to a buy rating in a research note on Tuesday, July 24th. Finally, Benchmark reaffirmed a buy rating and set a $65.00 price target (up from $55.00) on shares of Manhattan Associates in a report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Manhattan Associates currently has an average rating of Hold and a consensus target price of $65.00.

NASDAQ MANH traded down $0.37 during trading on Tuesday, reaching $47.62. 720,201 shares of the company’s stock were exchanged, compared to its average volume of 576,066. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 27.69 and a beta of 1.25. Manhattan Associates has a 1 year low of $39.10 and a 1 year high of $62.39.

In other Manhattan Associates news, Director John J. Huntz, Jr. sold 2,000 shares of Manhattan Associates stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $56.42, for a total transaction of $112,840.00. Following the completion of the sale, the director now directly owns 72,636 shares of the company’s stock, valued at approximately $4,098,123.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bruce Richards sold 7,740 shares of Manhattan Associates stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $49.84, for a total value of $385,761.60. Following the sale, the vice president now directly owns 20,820 shares of the company’s stock, valued at $1,037,668.80. The disclosure for this sale can be found here. Insiders have sold a total of 12,560 shares of company stock valued at $646,905 over the last ninety days. 0.99% of the stock is owned by company insiders.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company provides supply chain solutions, including distribution management, transportation management, and visibility solutions; omni-channel solutions; and inventory optimization and planning solutions.

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Earnings History and Estimates for Manhattan Associates (NASDAQ:MANH)

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