Manhattan Associates, Inc. (NASDAQ:MANH) has garnered a consensus rating of “Moderate Buy” from fourteen research firms, as reported by Marketbeat. Analysts have varied opinions on the stock, with six issuing a hold rating, seven recommending a buy, and one assigning a strong buy designation. The average twelve-month price target across these brokerages stands at approximately $222.42.
Several notable firms have provided insights into Manhattan Associates’ stock performance. On October 22, Citigroup revised its price objective from $204.00 to $200.00 and maintained a “neutral” rating. On the same day, Morgan Stanley set a price target of $200.00 with an “equal weight” rating. Additionally, Stifel Nicolaus lowered its target from $250.00 to $240.00, while still rating the stock as a buy. DA Davidson set a more optimistic target of $250.00 on the same date. In a shift, Zacks Research downgraded Manhattan Associates from a “strong buy” to a “hold” rating on September 22.
Recent Stock Performance and Earnings Report
Manhattan Associates’ shares opened at $174.89 on Tuesday, reflecting a market capitalization of $10.54 billion. The company has a price-to-earnings ratio of 49.82 and a beta of 1.02. Over the past year, the stock has fluctuated between a low of $140.81 and a high of $299.27. Currently, it has a 50-day moving average price of $178.88 and a two-hundred day average of $197.04.
On October 21, the company released its earnings report for the latest quarter. Manhattan Associates reported an earnings per share (EPS) of $1.36, exceeding the consensus estimate of $1.18 by $0.18. The firm’s revenue reached $275.80 million, surpassing the expected $271.66 million. With a net margin of 20.25% and a return on equity of 78.80%, the company’s revenue increased by 3.4% compared to the same quarter last year.
Looking ahead, Manhattan Associates has projected its fiscal year 2025 earnings guidance to be between $4.950 and $4.970 EPS. Analysts collectively estimate that the company will achieve $3.30 earnings per share for the current year.
Overview of Manhattan Associates
Manhattan Associates, Inc. is recognized for its supply chain and omnichannel commerce software solutions. The company focuses on optimizing the flow of goods, information, and funds across various enterprise operations. Its key offerings include warehouse management, transportation management, order management, and omnichannel fulfillment applications, all delivered through its cloud-native platform, Manhattan Active.
This platform empowers retailers, manufacturers, carriers, and third-party logistics providers to streamline inventory management, enhance distribution processes, and improve real-time customer service. Notable product areas include Manhattan Active Warehouse Management, which automates warehouse operations, and Manhattan Active Transportation Management, which facilitates carrier selection, routing, and freight payment solutions.
Overall, while Manhattan Associates faces mixed analyst ratings, its recent earnings report indicates strong performance and a positive outlook, positioning the company as a significant player in the supply chain software market.
