ManTech International (NASDAQ:MANT) Updates FY22 Earnings Guidance

ManTech International (NASDAQ:MANTGet Rating) issued an update on its FY22 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.42-$3.60 for the period, compared to the consensus earnings per share estimate of $3.51. The company issued revenue guidance of $2.6-$2.7 billion, compared to the consensus revenue estimate of $2.64 billion.

ManTech International stock traded down $0.32 during midday trading on Friday, hitting $82.70. The stock had a trading volume of 390,740 shares, compared to its average volume of 231,867. The firm’s fifty day moving average is $84.86 and its two-hundred day moving average is $78.71. The company has a market capitalization of $3.37 billion, a PE ratio of 24.98 and a beta of 0.74. ManTech International has a 52-week low of $66.91 and a 52-week high of $92.00. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.18.

ManTech International (NASDAQ:MANTGet Rating) last released its earnings results on Wednesday, May 4th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.06. The company had revenue of $675.50 million during the quarter, compared to analyst estimates of $639.43 million. ManTech International had a net margin of 5.24% and a return on equity of 9.20%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. As a group, equities research analysts predict that ManTech International will post 3.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.98%. ManTech International’s dividend payout ratio is currently 49.55%.

A number of research analysts have recently commented on the company. Stifel Nicolaus assumed coverage on ManTech International in a research report on Thursday, March 17th. They set a hold rating for the company. Bank of America upgraded ManTech International from an underperform rating to a buy rating and set a $90.00 price target for the company in a research report on Friday, February 4th. StockNews.com initiated coverage on ManTech International in a research report on Thursday, March 31st. They issued a hold rating for the company. Zacks Investment Research downgraded ManTech International from a buy rating to a hold rating in a research report on Thursday, April 28th. Finally, Morgan Stanley raised their price target on ManTech International from $83.00 to $85.00 and gave the stock an equal weight rating in a research report on Friday, March 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 33.59% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in MANT. Public Employees Retirement System of Ohio increased its holdings in shares of ManTech International by 9.9% during 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 acquiring an additional 158 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of ManTech International during the fourth quarter valued at about $263,000. Cubist Systematic Strategies LLC acquired a new position in shares of ManTech International during the fourth quarter valued at about $399,000. Susquehanna International Group LLP acquired a new position in shares of ManTech International during the fourth quarter valued at about $400,000. Finally, Squarepoint Ops LLC acquired a new position in shares of ManTech International during the fourth quarter valued at about $529,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

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

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