Analysts expect ManTech International (NASDAQ:MANT) to report $467.87 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for ManTech International’s earnings, with the lowest sales estimate coming in at $465.00 million and the highest estimate coming in at $470.00 million. ManTech International reported sales of $418.37 million during the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The firm is expected to issue its next earnings results after the market closes on Wednesday, May 2nd.
According to Zacks, analysts expect that ManTech International will report full year sales of $1.92 billion for the current fiscal year, with estimates ranging from $1.90 billion to $1.94 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.06 billion per share, with estimates ranging from $2.04 billion to $2.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow ManTech International.
ManTech International (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.39 by $0.06. The business had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $461.91 million. ManTech International had a return on equity of 4.96% and a net margin of 6.65%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS.
MANT has been the subject of several recent analyst reports. Zacks Investment Research cut ManTech International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Loop Capital raised their price target on ManTech International to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. BidaskClub cut ManTech International from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Finally, Maxim Group raised their price target on ManTech International from $53.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. ManTech International presently has an average rating of “Hold” and an average price target of $56.14.
MANT opened at $61.40 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2,338.83, a PE ratio of 37.90, a price-to-earnings-growth ratio of 3.72 and a beta of 0.89. ManTech International has a 12 month low of $34.70 and a 12 month high of $62.24.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a dividend of $0.25 per share. This is an increase from ManTech International’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, March 8th. This represents a $1.00 annualized dividend and a yield of 1.63%. ManTech International’s dividend payout ratio (DPR) is presently 30.86%.
In other ManTech International news, insider Daniel J. Keefe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $54.91, for a total transaction of $329,460.00. Following the completion of the transaction, the insider now owns 6,000 shares of the company’s stock, valued at $329,460. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Judith L. Bjornaas sold 9,756 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $57.20, for a total value of $558,043.20. Following the transaction, the chief financial officer now directly owns 15,756 shares of the company’s stock, valued at approximately $901,243.20. The disclosure for this sale can be found here. Insiders have sold 34,083 shares of company stock valued at $1,942,832 in the last three months. 35.06% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in MANT. Franklin Resources Inc. purchased a new stake in shares of ManTech International in the fourth quarter valued at $13,489,000. Wells Fargo & Company MN grew its position in shares of ManTech International by 126.7% in the fourth quarter. Wells Fargo & Company MN now owns 325,136 shares of the technology company’s stock valued at $16,318,000 after purchasing an additional 181,689 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of ManTech International in the fourth quarter valued at $5,819,000. Pier Capital LLC purchased a new stake in shares of ManTech International in the fourth quarter valued at $5,699,000. Finally, BlackRock Inc. grew its position in shares of ManTech International by 2.2% in the fourth quarter. BlackRock Inc. now owns 4,317,246 shares of the technology company’s stock valued at $216,683,000 after purchasing an additional 94,199 shares during the period. 64.42% of the stock is owned by institutional investors and hedge funds.
About ManTech International
ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ManTech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManTech International and related companies with MarketBeat.com's FREE daily email newsletter.