Manhattan Associates (NASDAQ:MANH – Get Free Report) issued its earnings results on Tuesday. The software maker reported $1.35 EPS for the quarter, topping the consensus estimate of $1.06 by $0.29, Briefing.com reports. Manhattan Associates had a return on equity of 84.54% and a net margin of 20.54%. The company had revenue of $266.70 million during the quarter, compared to analyst estimates of $262.90 million. During the same quarter last year, the firm earned $0.79 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Manhattan Associates updated its FY24 guidance to $4.60-4.62 EPS and its FY 2024 guidance to 4.600-4.620 EPS.
Manhattan Associates Price Performance
MANH stock traded up $2.13 on Thursday, reaching $273.49. The company’s stock had a trading volume of 685,598 shares, compared to its average volume of 417,797. The firm has a fifty day moving average of $274.18 and a two-hundred day moving average of $246.59. The company has a market capitalization of $16.84 billion, a P/E ratio of 88.68 and a beta of 1.50. Manhattan Associates has a 52 week low of $182.97 and a 52 week high of $307.50.
Insiders Place Their Bets
In other news, EVP James Stewart Gantt sold 6,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 46,287 shares of the company’s stock, valued at approximately $11,872,615.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on MANH
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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