Brokerages Anticipate ManTech International Co. (NASDAQ:MANT) to Announce $0.83 EPS

Wall Street brokerages expect ManTech International Co. (NASDAQ:MANTGet Rating) to post earnings of $0.83 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for ManTech International’s earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.78. ManTech International posted earnings per share of $0.88 in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.7%. The company is expected to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that ManTech International will report full-year earnings of $3.51 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $3.55. For the next year, analysts forecast that the business will post earnings of $3.79 per share, with EPS estimates ranging from $3.55 to $4.01. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow ManTech International.

ManTech International (NASDAQ:MANTGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. ManTech International had a net margin of 5.36% and a return on equity of 9.26%. The business had revenue of $634.30 million during the quarter, compared to the consensus estimate of $644.09 million. During the same period in the prior year, the firm posted $0.89 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year.

A number of brokerages recently weighed in on MANT. Morgan Stanley boosted their price target on shares of ManTech International from $83.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, March 18th. William Blair raised ManTech International from a “market perform” rating to an “outperform” rating in a research report on Friday, February 4th. initiated coverage on ManTech International in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Stifel Nicolaus started coverage on ManTech International in a report on Thursday, March 17th. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised shares of ManTech International from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Thursday, April 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, ManTech International currently has a consensus rating of “Hold” and an average price target of $85.00.

In other news, major shareholder George J. Pedersen sold 9,384,843 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $78.22, for a total transaction of $734,082,419.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 33.59% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake in shares of ManTech International by 1,578.6% during the 1st quarter. FMR LLC now owns 705 shares of the technology company’s stock worth $38,000 after acquiring an additional 663 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in ManTech International during the fourth quarter worth approximately $51,000. Public Employees Retirement System of Ohio grew its position in shares of ManTech International by 9.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,746 shares of the technology company’s stock valued at $127,000 after purchasing an additional 158 shares during the period. Spire Wealth Management increased its position in shares of ManTech International by 17.3% during the first quarter. Spire Wealth Management now owns 2,228 shares of the technology company’s stock worth $192,000 after purchasing an additional 328 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in ManTech International in the 3rd quarter valued at about $216,000. 96.44% of the stock is owned by institutional investors and hedge funds.

Shares of MANT stock traded up $1.85 during trading on Wednesday, hitting $84.71. The company’s stock had a trading volume of 354,422 shares, compared to its average volume of 263,994. The company has a market cap of $3.46 billion, a PE ratio of 25.36 and a beta of 0.73. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $84.30 and a 200-day moving average of $78.33. ManTech International has a 52 week low of $66.91 and a 52 week high of $92.00.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were issued a dividend of $0.41 per share. This is an increase from ManTech International’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.94%. ManTech International’s dividend payout ratio is 49.10%.

ManTech International Company Profile (Get Rating)

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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