ManTech International Corporation (MANT) Expected to Post Earnings of $0.38 Per Share
Wall Street analysts expect ManTech International Corporation (NASDAQ:MANT) to report earnings of $0.38 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for ManTech International Corporation’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.39. ManTech International Corporation also reported earnings of $0.38 per share in the same quarter last year. The firm is expected to issue its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that ManTech International Corporation will report full-year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.51 to $1.54. For the next fiscal year, analysts expect that the firm will report earnings of $1.58 per share, with EPS estimates ranging from $1.49 to $1.68. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow ManTech International Corporation.
ManTech International Corporation (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $413.70 million during the quarter, compared to analyst estimates of $418.60 million. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.59%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share.
Several research firms recently weighed in on MANT. Zacks Investment Research downgraded shares of ManTech International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Cowen and Company restated a “buy” rating and set a $45.00 price target on shares of ManTech International Corporation in a research report on Monday, August 21st. BidaskClub downgraded shares of ManTech International Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Loop Capital upgraded shares of ManTech International Corporation from a “hold” rating to a “buy” rating and upped their price target for the stock from $41.00 to $44.00 in a research report on Friday, June 30th. Finally, Maxim Group set a $44.00 price target on shares of ManTech International Corporation and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. ManTech International Corporation currently has an average rating of “Hold” and a consensus target price of $41.67.
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In other ManTech International Corporation news, COO Kevin M. Phillips sold 24,020 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $41.03, for a total value of $985,540.60. Following the completion of the sale, the chief operating officer now owns 47,656 shares in the company, valued at approximately $1,955,325.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Walter R. Fatzinger, Jr. sold 2,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.52, for a total transaction of $81,040.00. Following the completion of the sale, the director now owns 21,000 shares of the company’s stock, valued at approximately $850,920. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,520 shares of company stock valued at $1,167,556. 35.06% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in MANT. BlackRock Inc. raised its holdings in ManTech International Corporation by 187,452.0% in the 1st quarter. BlackRock Inc. now owns 3,711,654 shares of the technology company’s stock valued at $128,534,000 after acquiring an additional 3,709,675 shares during the last quarter. ETF Managers Group LLC acquired a new stake in ManTech International Corporation in the 2nd quarter valued at about $18,694,000. Wellington Management Group LLP acquired a new stake in ManTech International Corporation in the 1st quarter valued at about $8,213,000. Vanguard Group Inc. raised its holdings in ManTech International Corporation by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock valued at $93,765,000 after acquiring an additional 234,114 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new stake in ManTech International Corporation in the 2nd quarter valued at about $7,889,000. Institutional investors own 61.87% of the company’s stock.
Shares of ManTech International Corporation (NASDAQ:MANT) traded up 0.45% on Wednesday, hitting $42.51. The stock had a trading volume of 114,854 shares. The firm has a market cap of $1.65 billion, a P/E ratio of 28.02 and a beta of 0.94. The firm’s 50-day moving average price is $39.78 and its 200 day moving average price is $38.23. ManTech International Corporation has a 12 month low of $33.50 and a 12 month high of $45.52.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were issued a $0.21 dividend. The ex-dividend date was Thursday, September 7th. This represents a yield of 2.01%. ManTech International Corporation’s payout ratio is 27.63%.
About ManTech International Corporation
ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.
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