Wall Street analysts expect Mantech International Corp (NASDAQ:MANT) to report sales of $490.51 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Mantech International’s earnings, with the highest sales estimate coming in at $495.00 million and the lowest estimate coming in at $486.10 million. Mantech International posted sales of $422.67 million in the same quarter last year, which would indicate a positive year over year growth rate of 16.1%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Mantech International will report full-year sales of $1.95 billion for the current fiscal year, with estimates ranging from $1.94 billion to $1.96 billion. For the next year, analysts expect that the business will post sales of $2.11 billion per share, with estimates ranging from $2.08 billion to $2.17 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Mantech International.
Mantech International (NASDAQ:MANT) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $491.00 million for the quarter, compared to analysts’ expectations of $476.98 million. Mantech International had a net margin of 6.68% and a return on equity of 5.46%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
MANT has been the topic of several recent research reports. Wells Fargo & Co raised shares of Mantech International from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $52.56 to $44.00 in a research report on Thursday, May 17th. Stifel Nicolaus started coverage on shares of Mantech International in a report on Friday, May 25th. They issued a “hold” rating and a $55.00 price objective on the stock. ValuEngine lowered shares of Mantech International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 5th. Zacks Investment Research lowered shares of Mantech International from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, BidaskClub upgraded shares of Mantech International from a “hold” rating to a “buy” rating in a report on Friday, July 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $63.25.
Shares of MANT stock traded up $0.22 on Tuesday, hitting $67.00. 1,501 shares of the stock traded hands, compared to its average volume of 105,918. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 4.08 and a beta of 0.83. Mantech International has a twelve month low of $39.48 and a twelve month high of $68.11.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be issued a $0.25 dividend. The ex-dividend date is Thursday, September 6th. This represents a $1.00 annualized dividend and a yield of 1.49%. Mantech International’s dividend payout ratio (DPR) is currently 61.73%.
In other Mantech International news, Director Richard L. Armitage sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $54.60, for a total transaction of $218,400.00. Following the sale, the director now directly owns 4,000 shares in the company, valued at $218,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard J. Kerr sold 1,592 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $62.95, for a total transaction of $100,216.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,835 shares of company stock worth $4,908,030. 22.28% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new stake in Mantech International during the first quarter worth about $105,000. Contravisory Investment Management Inc. purchased a new stake in shares of Mantech International during the second quarter worth approximately $133,000. Amalgamated Bank purchased a new stake in shares of Mantech International during the first quarter worth approximately $203,000. CIBC Asset Management Inc acquired a new position in Mantech International in the first quarter valued at approximately $207,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Mantech International in the second quarter valued at approximately $299,000. Institutional investors own 65.22% of the company’s stock.
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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