$463.82 Million in Sales Expected for Mantech International Corp (MANT) This Quarter
Equities analysts predict that Mantech International Corp (NASDAQ:MANT) will announce $463.82 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Mantech International’s earnings, with estimates ranging from $461.20 million to $465.27 million. Mantech International posted sales of $394.18 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.7%. The firm is expected to report its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that Mantech International will report full year sales of $463.82 million for the current financial year. For the next year, analysts expect that the business will report sales of $1.91 billion per share, with estimates ranging from $1.84 billion to $1.95 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Mantech International.
Mantech International (NASDAQ:MANT) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Mantech International had a return on equity of 4.73% and a net margin of 3.61%. The business had revenue of $422.70 million for the quarter, compared to analyst estimates of $427.44 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year.
Several equities analysts have recently issued reports on MANT shares. Wells Fargo & Company upped their price target on Mantech International from $42.00 to $44.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Jefferies Group reiterated a “sell” rating on shares of Mantech International in a report on Friday, August 18th. Zacks Investment Research downgraded Mantech International from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Maxim Group upped their price objective on Mantech International from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Cowen reiterated a “buy” rating and issued a $49.00 price objective on shares of Mantech International in a report on Thursday, October 12th. Four 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. The company has an average rating of “Hold” and an average price target of $45.57.
In other Mantech International news, insider Judith L. Bjornaas sold 7,500 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $50.79, for a total value of $380,925.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider L. William Varner sold 47,500 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $48.52, for a total value of $2,304,700.00. Following the completion of 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. Insiders sold 93,020 shares of company stock valued at $4,323,186 in the last quarter. 35.06% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. increased its holdings in shares of Mantech International by 0.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 27,202 shares of the technology company’s stock worth $1,126,000 after acquiring an additional 91 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Mantech International by 0.8% in the second quarter. Arizona State Retirement System now owns 13,371 shares of the technology company’s stock worth $553,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Mantech International by 1.0% in the second quarter. Texas Permanent School Fund now owns 18,695 shares of the technology company’s stock worth $774,000 after acquiring an additional 192 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Mantech International by 5.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock worth $189,000 after acquiring an additional 239 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Mantech International by 2.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,190 shares of the technology company’s stock worth $381,000 after acquiring an additional 240 shares in the last quarter. Institutional investors own 63.26% of the company’s stock.
Shares of Mantech International (NASDAQ MANT) traded down $0.07 on Monday, hitting $50.91. The stock had a trading volume of 267,500 shares, compared to its average volume of 156,745. Mantech International has a twelve month low of $33.50 and a twelve month high of $51.86. The firm has a market capitalization of $1,985.13, a price-to-earnings ratio of 33.28, a PEG ratio of 4.08 and a beta of 0.97.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.21 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.65%. Mantech International’s dividend payout ratio is presently 27.45%.
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Mantech International Company Profile
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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