Equities analysts expect Mantech International Corp (NASDAQ:MANT) to report sales of $478.03 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Mantech International’s earnings. The highest sales estimate is $480.00 million and the lowest is $474.10 million. Mantech International posted sales of $413.69 million in the same quarter last year, which suggests a positive year over year growth rate of 15.6%. The business is expected to issue its next quarterly earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Mantech International will report full-year sales of $1.93 billion for the current fiscal year, with estimates ranging from $1.92 billion to $1.94 billion. For the next year, analysts expect that the firm will post sales of $2.04 billion per share, with estimates ranging from $2.00 billion to $2.10 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Mantech International.
Mantech International (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $473.20 million during the quarter, compared to analyst estimates of $469.13 million. Mantech International had a return on equity of 5.24% and a net margin of 6.73%. Mantech International’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share.
MANT has been the subject of a number of recent analyst reports. Cowen reissued an “outperform” rating and issued a $60.00 price objective (up from $55.00) on shares of Mantech International in a report on Thursday, February 22nd. Zacks Investment Research raised Mantech International from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Saturday, February 17th. BidaskClub raised Mantech International from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. ValuEngine raised Mantech International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Finally, Loop Capital upped their target price on Mantech International to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $56.13.
In other Mantech International news, CFO Judith L. Bjornaas sold 9,756 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $57.20, for a total transaction of $558,043.20. Following the sale, the chief financial officer now directly owns 15,756 shares of the company’s stock, valued at approximately $901,243.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel J. Keefe sold 8,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $57.09, for a total transaction of $456,720.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,083 shares of company stock worth $1,590,992. Company insiders own 22.28% of the company’s stock.
Large investors have recently made changes to their positions in the business. BlueCrest Capital Management Ltd acquired a new position in Mantech International during the fourth quarter worth $275,000. Bailard Inc. bought a new stake in Mantech International during the fourth quarter valued at about $693,000. Swiss National Bank lifted its stake in shares of Mantech International by 4.5% in the fourth quarter. Swiss National Bank now owns 43,687 shares of the technology company’s stock valued at $2,193,000 after buying an additional 1,900 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Mantech International by 112.4% in the fourth quarter. Alliancebernstein L.P. now owns 84,320 shares of the technology company’s stock valued at $4,232,000 after buying an additional 44,630 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Mantech International in the fourth quarter valued at about $1,204,000. 64.18% of the stock is currently owned by institutional investors.
Mantech International traded down $0.29, reaching $53.35, on Wednesday, Marketbeat.com reports. The company’s stock had a trading volume of 195,729 shares, compared to its average volume of 246,239. Mantech International has a 52 week low of $37.02 and a 52 week high of $62.24. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 3.27 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.81.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, June 7th. Mantech International’s dividend payout ratio (DPR) is currently 30.86%.
Mantech International Company Profile
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.
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