Zacks: Analysts Expect Mantech International Corp (NASDAQ:MANT) Will Post Earnings of $0.56 Per Share
Brokerages predict that Mantech International Corp (NASDAQ:MANT) will post $0.56 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Mantech International’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.54. Mantech International reported earnings of $0.50 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 12%. The business is expected to report its next earnings results after the market closes on Wednesday, July 31st.
According to Zacks, analysts expect that Mantech International will report full-year earnings of $2.28 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.30. For the next fiscal year, analysts anticipate that the business will report earnings of $2.55 per share, with EPS estimates ranging from $2.52 to $2.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Mantech International.
Mantech International (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. The business had revenue of $501.90 million for the quarter, compared to analysts’ expectations of $507.79 million. Mantech International had a net margin of 4.18% and a return on equity of 5.97%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share.
In other news, CFO Judith L. Bjornaas sold 12,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $62.90, for a total transaction of $754,800.00. Following the sale, the chief financial officer now owns 22,000 shares in the company, valued at $1,383,800. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard L. Armitage sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $62.27, for a total transaction of $249,080.00. Following the sale, the director now owns 4,000 shares in the company, valued at approximately $249,080. The disclosure for this sale can be found here. Corporate insiders own 33.70% of the company’s stock.
Large investors have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Mantech International by 1,578.6% during the first quarter. FMR LLC now owns 705 shares of the technology company’s stock valued at $38,000 after buying an additional 663 shares during the last quarter. Meeder Asset Management Inc. grew its position in Mantech International by 3,436.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,061 shares of the technology company’s stock valued at $57,000 after buying an additional 1,031 shares during the last quarter. Quantamental Technologies LLC grew its position in Mantech International by 20.7% in the 1st quarter. Quantamental Technologies LLC now owns 1,649 shares of the technology company’s stock valued at $89,000 after buying an additional 283 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Mantech International by 38.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,591 shares of the technology company’s stock valued at $170,000 after buying an additional 714 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Mantech International in the 4th quarter valued at $136,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.
MANT traded up $0.41 during midday trading on Wednesday, reaching $67.11. The company’s stock had a trading volume of 61,001 shares, compared to its average volume of 120,064. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 3.66 and a beta of 0.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 2.02. Mantech International has a 1 year low of $48.25 and a 1 year high of $68.11. The company’s 50-day simple moving average is $63.88.
The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, June 6th. Mantech International’s payout ratio is 52.43%.
Mantech International Company Profile
ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company 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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