Manhattan Associates (NASDAQ:MANH – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.60-4.62 for the period, compared to the consensus 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 Stock Performance
MANH stock opened at $273.49 on Friday. The business’s 50-day moving average is $274.55 and its two-hundred day moving average is $246.77. Manhattan Associates has a fifty-two week low of $182.97 and a fifty-two week high of $307.50. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 89.38 and a beta of 1.50.
Manhattan Associates (NASDAQ:MANH – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 EPS for the quarter, topping the consensus estimate of $1.06 by $0.29. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. The firm had revenue of $266.70 million for the quarter, compared to the consensus estimate of $262.90 million. During the same quarter last year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts predict that Manhattan Associates will post 3.01 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Manhattan Associates
Insider Buying and Selling at Manhattan Associates
In other Manhattan Associates news, EVP James Stewart Gantt sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $256.50, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.72% of the stock is currently owned by company insiders.
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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