Brokerages Anticipate Mantech International Corp (NASDAQ:MANT) Will Announce Earnings of $0.60 Per Share

Wall Street brokerages expect that Mantech International Corp (NASDAQ:MANT) will announce earnings of $0.60 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Mantech International’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.57. Mantech International reported earnings of $0.55 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The company is scheduled to report its next earnings results on Thursday, November 7th.

On average, analysts expect that Mantech International will report full-year earnings of $2.32 per share for the current financial year, with EPS estimates ranging from $2.29 to $2.35. For the next year, analysts expect that the business will post earnings of $2.56 per share, with EPS estimates ranging from $2.52 to $2.59. Zacks’ EPS calculations are an average based on a survey of analysts that follow Mantech International.

Mantech International (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $537.00 million for the quarter, compared to analyst estimates of $551.29 million. Mantech International had a return on equity of 6.21% and a net margin of 4.30%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS.

A number of equities analysts have weighed in on MANT shares. SunTrust Banks upped their target price on Mantech International to $77.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. BidaskClub upgraded Mantech International from a “buy” rating to a “strong-buy” rating in a report on Monday, May 6th. Zacks Investment Research upgraded Mantech International from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday. Morgan Stanley set a $66.00 target price on Mantech International and gave the company a “hold” rating in a report on Wednesday. Finally, Wells Fargo & Co cut Mantech International from an “outperform” rating to a “market perform” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $73.00.

NASDAQ MANT traded down $1.79 during trading on Friday, reaching $67.99. The company’s stock had a trading volume of 71,410 shares, compared to its average volume of 144,601. The stock has a market capitalization of $2.79 billion, a PE ratio of 33.00, a P/E/G ratio of 3.78 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a fifty day moving average of $67.89 and a 200 day moving average of $61.05. Mantech International has a one year low of $48.25 and a one year high of $71.90.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, September 12th. Mantech International’s payout ratio is 52.43%.

In other Mantech International news, insider Richard John Wagner sold 8,600 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $70.23, for a total transaction of $603,978.00. Following the completion of the transaction, the insider now owns 7,635 shares of the company’s stock, valued at approximately $536,206.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Armitage sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $62.27, for a total value of $249,080.00. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $249,080. The disclosure for this sale can be found here. Corporate insiders own 33.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Mantech International by 2.6% during the second quarter. BlackRock Inc. now owns 4,232,504 shares of the technology company’s stock valued at $278,711,000 after acquiring an additional 105,706 shares during the period. Nuveen Asset Management LLC bought a new stake in Mantech International during the second quarter valued at about $21,059,000. UBS Asset Management Americas Inc. raised its holdings in Mantech International by 7.2% during the second quarter. UBS Asset Management Americas Inc. now owns 20,794 shares of the technology company’s stock valued at $1,369,000 after acquiring an additional 1,398 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Mantech International by 32.5% during the second quarter. Cubist Systematic Strategies LLC now owns 6,266 shares of the technology company’s stock valued at $413,000 after acquiring an additional 1,536 shares during the period. Finally, Jefferies Group LLC raised its holdings in Mantech International by 6.6% during the second quarter. Jefferies Group LLC now owns 8,240 shares of the technology company’s stock valued at $543,000 after acquiring an additional 508 shares during the period. 64.47% of the stock is owned by institutional investors and hedge funds.

About Mantech International

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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