ManTech International (MANT) Expected to Post Earnings of $0.48 Per Share

Brokerages expect ManTech International (NASDAQ:MANT) to announce earnings of $0.48 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for ManTech International’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.46. ManTech International reported earnings of $0.39 per share in the same quarter last year, which would suggest a positive year over year growth rate of 23.1%. The firm is expected to issue its next earnings results after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that ManTech International will report full year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.96 to $2.05. For the next fiscal year, analysts forecast that the firm will report earnings of $2.18 per share, with EPS estimates ranging from $2.15 to $2.20. Zacks’ EPS averages are a mean average based on a survey of research firms that cover ManTech International.

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ManTech International (NASDAQ:MANT) last announced its earnings results on Wednesday, February 21st. The technology company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.39 by $0.06. The business had revenue of $462.30 million for the quarter, compared to the consensus estimate of $461.91 million. ManTech International had a return on equity of 4.96% and a net margin of 6.65%. ManTech International’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS.

MANT has been the topic of several recent analyst reports. Loop Capital boosted their target price on ManTech International to $57.00 in a report on Tuesday, December 19th. Zacks Investment Research raised ManTech International from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Saturday, February 17th. Maxim Group boosted their target price on ManTech International from $53.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. ValuEngine raised ManTech International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, BidaskClub raised ManTech International from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. ManTech International has an average rating of “Hold” and an average target price of $56.14.

Shares of MANT opened at $59.62 on Tuesday. The company has a market capitalization of $2,310.59, a PE ratio of 36.80, a price-to-earnings-growth ratio of 3.67 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. ManTech International has a one year low of $34.31 and a one year high of $62.24.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, March 8th. This is a boost from ManTech International’s previous quarterly dividend of $0.21. ManTech International’s payout ratio is 30.86%.

In related news, CFO Judith L. Bjornaas sold 9,756 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $57.20, for a total value of $558,043.20. Following the completion of the transaction, the chief financial officer now owns 15,756 shares in the company, valued at approximately $901,243.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel J. Keefe sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $57.09, for a total transaction of $456,720.00. The disclosure for this sale can be found here. Insiders sold a total of 34,083 shares of company stock valued at $1,942,832 in the last 90 days. 35.06% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. bought a new stake in shares of ManTech International during the 4th quarter valued at $13,489,000. Wells Fargo & Company MN raised its position in shares of ManTech International by 126.7% during the 4th quarter. Wells Fargo & Company MN now owns 325,136 shares of the technology company’s stock valued at $16,318,000 after acquiring an additional 181,689 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of ManTech International during the 4th quarter valued at $5,819,000. Pier Capital LLC bought a new stake in shares of ManTech International during the 4th quarter valued at $5,699,000. Finally, BlackRock Inc. raised its position in shares of ManTech International by 2.2% during the 4th quarter. BlackRock Inc. now owns 4,317,246 shares of the technology company’s stock valued at $216,683,000 after acquiring an additional 94,199 shares during the last quarter. Hedge funds and other institutional investors own 64.42% of the company’s stock.

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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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Earnings History and Estimates for ManTech International (NASDAQ:MANT)

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