Somewhat Positive News Coverage Somewhat Unlikely to Affect Manhattan Associates (MANH) Share Price

Headlines about Manhattan Associates (NASDAQ:MANH) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Manhattan Associates earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 47.6617361970301 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Manhattan Associates (NASDAQ MANH) opened at $42.97 on Monday. The company has a market capitalization of $2,960.00, a price-to-earnings ratio of 25.58 and a beta of 1.08. Manhattan Associates has a 1 year low of $39.63 and a 1 year high of $54.21.

Manhattan Associates (NASDAQ:MANH) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $144.09 million during the quarter, compared to analyst estimates of $144.86 million. Manhattan Associates had a return on equity of 72.02% and a net margin of 19.59%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. equities analysts anticipate that Manhattan Associates will post 1.29 EPS for the current year.

Manhattan Associates declared that its board has approved a stock buyback program on Tuesday, February 6th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

A number of equities research analysts have weighed in on MANH shares. Zacks Investment Research raised Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Saturday, November 18th. BidaskClub raised Manhattan Associates from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Manhattan Associates has a consensus rating of “Hold” and a consensus price target of $55.00.

COPYRIGHT VIOLATION WARNING: This story was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at

About Manhattan Associates

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.

Insider Buying and Selling by Quarter for Manhattan Associates (NASDAQ:MANH)

Receive News & Ratings for Manhattan Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Associates and related companies with's FREE daily email newsletter.

Leave a Reply