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What's Going On With Manhattan Associates Shares Wednesday?

Dylan Berman
January 29, 2025

Manhattan Associates, Inc. (NASDAQ:MANH) shares are trading lower on Wednesday after the company announced soft guidance for the 2025 fiscal year.

The Details: The company anticipates revenue between $1.06 billion and $1.07 billion which represents a growth rate from 2% to 3%. In addition, the company sees adjusted earnings per share of $4.45 to $4.55.

The guidance for adjusted earnings per share represents a declining growth rate of 4% to 6%. Furthermore, the company estimates an adjusted operating margin of 33% to 33.5%.

“We enter 2025 excited about our growing market opportunity and are executing well on our business strategy. While we remain appropriately cautious on the turbulent macro environment, our business momentum is solid, and our team is devoted to our customers’ success,” said CEO of Manhattan Associates Eddie Capel.

Manhattan Associates also reported earnings for the 2024 fiscal year fourth quarter. It reported revenue of $255.80 million, beating analysts estimate of $253.12 million. Additionally, the Manhattan Associates reported adjusted earnings per share of $1.17, beating analysts estimate of $1.06.

Analyst Changes: Following the earnings report, multiple analysts issued price target adjustments.

  • Truist Securities analyst Terry Tillman maintained a Buy rating on Manhattan Associates and lowered the price target from $310 to $285.
  • Piper Sandler analyst Quinton Gabrielli reiterated an Overweight rating on Manhattan Associates and lowered the price target from $326 to $268.
  • Raymond James analyst Brian Peterson maintained an Outperform rating on Manhattan Associates and lowered the price target from $305 to $270.

Related Link: 10 Consumer Discretionary Stocks With Whale Alerts In Today’s Session

MANH Price Action: At the time of writing, Manhattan Associates shares are trading 23.9% lower at $224.45, according to data from Benzinga Pro.

Image: via Shutterstock

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