Manhattan Associates, Inc. (NASDAQ:MANH) issued its quarterly earnings results on Thursday. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The firm had revenue of $143.49 million for the quarter, compared to the consensus estimate of $146.49 million. Manhattan Associates had a net margin of 20.55% and a return on equity of 70.51%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 EPS. Manhattan Associates updated its FY17 guidance to $1.89-1.93 EPS.
Manhattan Associates (NASDAQ:MANH) opened at 47.50 on Friday. The firm has a market cap of $3.30 billion, a P/E ratio of 27.27 and a beta of 1.13. The company’s 50 day moving average is $47.69 and its 200-day moving average is $50.38. Manhattan Associates has a 52-week low of $44.83 and a 52-week high of $68.53.
A number of research analysts have recently issued reports on the stock. Benchmark Co. downgraded shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Zacks Investment Research upgraded shares of Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th.
Manhattan Associates Company Profile
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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