$658.38 Million in Sales Expected for ManTech International Co. (NASDAQ:MANT) This Quarter

Analysts predict that ManTech International Co. (NASDAQ:MANTGet Rating) will post $658.38 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for ManTech International’s earnings. The lowest sales estimate is $654.50 million and the highest is $662.45 million. ManTech International posted sales of $648.58 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.5%. The business is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that ManTech International will report full-year sales of $2.67 billion for the current fiscal year, with estimates ranging from $2.65 billion to $2.69 billion. For the next year, analysts forecast that the business will report sales of $2.79 billion, with estimates ranging from $2.77 billion to $2.81 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for ManTech International.

ManTech International (NASDAQ:MANTGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.83 by $0.06. ManTech International had a net margin of 5.24% and a return on equity of 9.15%. The company had revenue of $675.50 million for the quarter, compared to analyst estimates of $639.43 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis.

A number of analysts recently weighed in on MANT shares. Wells Fargo & Company increased their price target on shares of ManTech International from $77.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 24th. Bank of America raised shares of ManTech International from an “underperform” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, February 4th. Zacks Investment Research cut ManTech International from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. StockNews.com downgraded ManTech International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Finally, Morgan Stanley boosted their price target on ManTech International to $96.00 and gave the company an “equal weight” rating in a report on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $88.14.

In other news, major shareholder George J. Pedersen sold 9,384,843 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The stock was 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 can be accessed through this link. Insiders own 33.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. bought a new position in ManTech International in the 4th quarter worth approximately $6,732,000. CWM LLC acquired a new stake in ManTech International during the 4th quarter worth about $1,461,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in ManTech International by 60.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,985 shares of the technology company’s stock valued at $291,000 after acquiring an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ManTech International by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 466,271 shares of the technology company’s stock valued at $35,399,000 after purchasing an additional 2,409 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of ManTech International by 1.0% in the fourth quarter. Public Sector Pension Investment Board now owns 56,142 shares of the technology company’s stock worth $4,094,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Shares of NASDAQ MANT opened at $95.51 on Friday. The stock has a market cap of $3.91 billion, a P/E ratio of 28.86, a P/E/G ratio of 11.05 and a beta of 0.73. ManTech International has a twelve month low of $66.91 and a twelve month high of $95.98. The stock has a 50 day moving average of $86.95 and a two-hundred day moving average of $80.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.18.

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 is Thursday, June 9th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.72%. ManTech International’s payout ratio is currently 49.55%.

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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