Manhattan Associates Inc (NASDAQ: MANH) has reported E.P.S. of $1.04 for its third fiscal quarter (ending September 30) versus $0.80 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $3.56 versus $2.68 for the same period a year ago.
Recent Price Action
Manhattan Associates Inc (NASDAQ: MANH) stock declined modestly by -1.1% on 10/22/24. The stock closed at $292.32. Moreover, this decline was accompanied by exceptionally high trading volume at 202% of normal. The stock has declined -4.0% during the last week but has been strong relative to the market over the last nine months.
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 very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Manhattan Associates has a very low Appreciation Score of 15 but a good Power Rating of 72, leading to the Negative Value Trend Rating.
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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