Analysts expect Manhattan Associates, Inc. (NASDAQ:MANH) to report sales of $142.87 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Manhattan Associates’ earnings, with the highest sales estimate coming in at $144.80 million and the lowest estimate coming in at $141.80 million. Manhattan Associates posted sales of $152.88 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.5%. The company is expected to report its next earnings report after the market closes on Tuesday, October 23rd.

On average, analysts expect that Manhattan Associates will report full year sales of $554.29 million for the current fiscal year, with estimates ranging from $553.50 million to $555.85 million. For the next year, analysts expect that the firm will report sales of $541.80 million, with estimates ranging from $537.40 million to $548.87 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Manhattan Associates.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings data on Tuesday, July 24th. The software maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. Manhattan Associates had a return on equity of 68.14% and a net margin of 18.87%. The business had revenue of $141.90 million during the quarter, compared to analysts’ expectations of $140.42 million. During the same quarter last year, the business posted $0.50 EPS. The business’s revenue was down 7.9% on a year-over-year basis.

Several equities research analysts have weighed in on MANH shares. Benchmark upgraded Manhattan Associates from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, June 15th. BidaskClub upgraded Manhattan Associates from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 10th. TheStreet upgraded Manhattan Associates from a “c+” rating to a “b-” rating in a report on Friday, July 6th. ValuEngine upgraded Manhattan Associates from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. Finally, Zacks Investment Research cut Manhattan Associates from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $65.00.

In other news, Director Edmond Eger sold 2,820 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $52.59, for a total value of $148,303.80. Following the completion of the transaction, the director now owns 9,376 shares of the company’s stock, valued at approximately $493,083.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bruce Richards sold 7,740 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $49.84, for a total value of $385,761.60. Following the completion of the transaction, the vice president now directly owns 20,820 shares of the company’s stock, valued at approximately $1,037,668.80. The disclosure for this sale can be found here. Insiders sold a total of 12,560 shares of company stock valued at $646,905 in the last three months. Corporate insiders own 0.99% of the company’s stock.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in Manhattan Associates by 1.6% during the 1st quarter. BlackRock Inc. now owns 5,896,102 shares of the software maker’s stock valued at $246,927,000 after buying an additional 90,196 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Manhattan Associates by 31.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,074,707 shares of the software maker’s stock valued at $45,009,000 after buying an additional 254,159 shares in the last quarter. Stifel Financial Corp increased its position in Manhattan Associates by 23.0% during the 1st quarter. Stifel Financial Corp now owns 87,356 shares of the software maker’s stock valued at $3,664,000 after buying an additional 16,348 shares in the last quarter. Koch Industries Inc. increased its position in Manhattan Associates by 7.0% during the 1st quarter. Koch Industries Inc. now owns 19,730 shares of the software maker’s stock valued at $826,000 after buying an additional 1,297 shares in the last quarter. Finally, BB&T Securities LLC increased its position in Manhattan Associates by 9.2% during the 1st quarter. BB&T Securities LLC now owns 15,548 shares of the software maker’s stock valued at $651,000 after buying an additional 1,306 shares in the last quarter.

NASDAQ MANH traded up $1.37 on Friday, hitting $47.79. The company’s stock had a trading volume of 672,982 shares, compared to its average volume of 577,660. Manhattan Associates has a 52-week low of $39.10 and a 52-week high of $62.39. The stock has a market cap of $3.59 billion, a P/E ratio of 27.78 and a beta of 1.25.

About Manhattan Associates

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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