Manhattan Associates Inc (NASDAQ: MANH) has reported E.P.S. of $0.86 for its second fiscal quarter (ending June 30) versus $0.64 for the same period a year ago — an increase of 34%. However, this performance was $-0.10 short of the consensus estimate of $0.96. E.P.S. were $3.32 for the latest four quarters through June 30 versus $2.34 for the same period a year ago — an increase of 42%.
Recent Price Action
On 7/23/24, Manhattan Associates Inc (NASDAQ: MANH) stock rose modestly by 0.4%, closing at $226.00. Moreover, above average trading volume at 146% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -6.3% during the last week.
Current PriceTarget Research Rating
MANH’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Manhattan Associates has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Manhattan Associates has a poor Appreciation Score of 16 but a neutral Power Rating of 60, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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