Manhattan Associates (NASDAQ:MANH – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.60-4.62 for the period, compared to the consensus earnings per share estimate of $4.28. The company issued revenue guidance of $1.039-1.041 billion, compared to the consensus revenue estimate of $1.04 billion. Manhattan Associates also updated its FY 2024 guidance to 4.600-4.620 EPS.
Manhattan Associates Trading Down 0.2 %
Manhattan Associates stock traded down $0.50 during mid-day trading on Thursday, hitting $270.86. The company’s stock had a trading volume of 121,832 shares, compared to its average volume of 414,921. The stock’s fifty day moving average is $274.18 and its two-hundred day moving average is $246.59. The firm has a market capitalization of $16.68 billion, a PE ratio of 88.68 and a beta of 1.50. Manhattan Associates has a 1 year low of $182.97 and a 1 year high of $307.50.
Manhattan Associates (NASDAQ:MANH – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. The firm had revenue of $266.70 million during the quarter, compared to the consensus estimate of $262.90 million. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the company earned $0.79 EPS. On average, equities analysts expect that Manhattan Associates will post 3.01 EPS for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Analysis on MANH
Insider Buying and Selling
In related news, EVP James Stewart Gantt sold 6,000 shares of Manhattan Associates stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $256.50, for a total value of $1,539,000.00. Following the completion of the transaction, the executive vice president now owns 46,287 shares in the company, valued at $11,872,615.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.
About Manhattan Associates
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.
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