Financial Reports are Key to Consider: Manhattan Associates, Inc. (NASDAQ: MANH)

On Thursday, Manhattan Associates, Inc. (NASDAQ: MANH) started its trading session with the price $74.79 and closed at price of $76.44 by scoring 2.22%. Day range of the stock was $74.79 – $77.41. MANH stock traded with total volume of 720014 shares while the average trading capacity remained 603846 shares.  Earnings per share was $1.46. MANH has total market capitalization of $4884592596.

Leading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. (MANH) recently stated record total revenue of $162.3M for the third quarter ended September 30, 2019, applying the new revenue recognition standard retrospectively. GAAP diluted earnings per share for Q3 2019 was $0.42 contrast to $0.43 in Q3 2018. Non-GAAP adjusted diluted earnings per share for Q3 2019 was $0.51 contrast to $0.49 in Q3 2018.

THIRD QUARTER 2019 FINANCIAL SUMMARY:

  • Consolidated total revenue was $162.3M in Q3 2019, contrast to $142.4M in Q3 2018. License revenue was $15.5M in Q3 2019, contrast to $11.5M in Q3 2018. Cloud subscription revenue was $14.2M in Q3 2019, contrast to $6.5M in Q3 2018. Service revenue was $91.6M in Q3 2019, contrast to $84.1M in Q3 2018.
  • GAAP diluted earnings per share was $0.42 in Q3 2019 contrast to $0.43 in Q3 2018.
  • Adjusted diluted earnings per share, a non-GAAP measure, was $0.51 in Q3 2019, contrast to $0.49 in Q3 2018.
  • GAAP operating income was $35.0M in Q3 2019, contrast to $36.1M in Q3 2018.
  • Adjusted operating income, a non-GAAP measure, was $43.1M in Q3 2019, contrast to $41.5M in Q3 2018.
  • Cash flow from operations was $39.9M for Q3 2019, contrast to $35.2M for Q3 2018. Days Sales Outstanding was 61 days at September 30, 2019, contrast to 59 days at June 30, 2019.
  • Cash and investments totaled $113.6M at September 30, 2019, contrast to $119.4M at June 30, 2019.
  • During the three months ended September 30, 2019, the Company repurchased 429,539 shares of Manhattan Associates ordinary stock under the share repurchase program authorized by our Board of Directors for a total investment of $36.0M. In October 2019, our Board authorized the Company to repurchase up to an aggregate of $50M of the Company’s ordinary stock.

NINE MONTH 2019 FINANCIAL SUMMARY:

  • Consolidated total revenue for the nine months ended September 30, 2019, was $465.0M, contrast to $414.8M for the nine months ended September 30, 2018. License revenue was $39.6M for the nine months ended September 30, 2019, contrast to  $32.1M for the nine months ended September 30, 2018. Cloud subscription revenue was $31.1M for the nine months ended September 30, 2019, contrast to $16.3M for the nine months ended September 30, 2018. Service revenue was $274.2M for the nine months ended September 30, 2019, contrast to $245.2M, for the nine months ended September 30, 2018
  • GAAP diluted earnings per share for the nine months ended September 30, 2019, was $1.06, contrast to $1.18 for the nine months ended September 30, 2018.
  • Adjusted diluted earnings per share a non-GAAP measure, was $1.34 for the nine months ended September 30, 2019, contrast to $1.33 for the nine months ended September 30, 2018.
  • GAAP operating income was $90.9M for the nine months ended September 30, 2019, contrast to $99.6M for the nine months ended September 30, 2018.
  • Adjusted operating income a non-GAAP measure, was $114.8M for the nine months ended September 30, 2019, contrast to $114.5M for the nine months ended September 30, 2018.
  • Cash flow from operations was $112.3M for the nine months ended September 30, 2019, contrast to $103.3M for the nine months ended September 30, 2018.
  • During the nine months ended September 30, 2019, the Company repurchased 1,195,203 shares of Manhattan Associates ordinary stock under the share repurchase program authorized by our Board of Directors, for a total investment of $80.9M.

MANH has a gross margin of 55.40% and an operating margin of 21.40% while its profit margin remained 16.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained -9.90% for this year while earning per share for the next 5-years is expected to reach at 15.00%.  According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.37% from the mean of 20 days, -7.21% from mean of 50 days SMA and performed 13.39% from mean of 200 days price. Company’s performance for the week was -6.24%, -6.38% for month and YTD performance remained 80.41%.

 

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