Mantech International Corp (MANT) to Issue Quarterly Dividend of $0.21 on December 22nd
Mantech International Corp (NASDAQ:MANT) declared a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Friday, December 8th will be paid a dividend of 0.21 per share by the technology company on Friday, December 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Thursday, December 7th.
Shares of Mantech International (NASDAQ MANT) opened at $50.91 on Friday. Mantech International has a 52 week low of $33.50 and a 52 week high of $51.86. The company has a market cap of $1,987.86, a PE ratio of 33.32, a price-to-earnings-growth ratio of 4.08 and a beta of 0.96.
Mantech International (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Mantech International had a net margin of 3.61% and a return on equity of 4.73%. The business had revenue of $422.70 million during the quarter, compared to analyst estimates of $427.44 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. sell-side analysts predict that Mantech International will post 1.56 EPS for the current fiscal year.
In other news, insider Judith L. Bjornaas sold 7,500 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $50.79, for a total transaction of $380,925.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider L. William Varner sold 47,500 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $48.52, for a total value of $2,304,700.00. Following the sale, the insider now owns 37,500 shares of the company’s stock, valued at $1,819,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,020 shares of company stock valued at $4,323,186. Corporate insiders own 22.28% of the company’s stock.
Several equities research analysts have recently issued reports on MANT shares. Cowen restated a “buy” rating and issued a $45.00 price objective on shares of Mantech International in a research note on Monday, August 21st. Zacks Investment Research raised Mantech International from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, August 25th. Maxim Group restated a “buy” rating and issued a $47.00 target price (up from $44.00) on shares of Mantech International in a research note on Wednesday, September 20th. Finally, Loop Capital raised their target price on Mantech International from $45.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $45.57.
About Mantech International
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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