Brokerages Expect Mantech International Corp (NASDAQ:MANT) to Announce $0.60 Earnings Per Share

Wall Street brokerages expect Mantech International Corp (NASDAQ:MANT) to post earnings per share (EPS) of $0.60 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Mantech International’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.62. Mantech International reported earnings per share of $0.55 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The firm is expected to issue its next earnings report after the market closes on Wednesday, October 30th.

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 forecast that the company will post earnings of $2.56 per share, with EPS estimates ranging from $2.52 to $2.59. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Mantech International.

Mantech International (NASDAQ:MANT) last released its earnings results on Wednesday, July 31st. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. Mantech International had a return on equity of 6.21% and a net margin of 4.30%. The business had revenue of $537.00 million during the quarter, compared to the consensus estimate of $551.29 million. During the same period last year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis.

MANT has been the subject of a number of recent research reports. Morgan Stanley set a $66.00 target price on Mantech International and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Zacks Investment Research downgraded Mantech International from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. ValuEngine downgraded Mantech International from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. SunTrust Banks raised their target price on Mantech International to $77.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Finally, BidaskClub downgraded Mantech International from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Mantech International has an average rating of “Hold” and a consensus target price of $73.00.

In other news, CEO Kevin M. Phillips sold 32,431 shares of Mantech International stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $67.98, for a total value of $2,204,659.38. Following the completion of the transaction, the chief executive officer now directly owns 106,063 shares in the company, valued at $7,210,162.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard John Wagner sold 8,600 shares of Mantech International stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $70.23, for a total value of $603,978.00. Following the completion of the transaction, the insider now owns 7,635 shares of the company’s stock, valued at $536,206.05. The disclosure for this sale can be found here. 33.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its position in shares of Mantech International by 1,578.6% in the first quarter. FMR LLC now owns 705 shares of the technology company’s stock valued at $38,000 after purchasing an additional 663 shares in the last quarter. Bank of Montreal Can grew its position in Mantech International by 4,472.0% during the second quarter. Bank of Montreal Can now owns 2,286 shares of the technology company’s stock worth $150,000 after buying an additional 2,236 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Mantech International by 38.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,591 shares of the technology company’s stock worth $170,000 after buying an additional 714 shares in the last quarter. CAPROCK Group Inc. purchased a new position in Mantech International during the second quarter worth about $214,000. Finally, M&T Bank Corp purchased a new position in Mantech International during the second quarter worth about $238,000. Institutional investors own 65.48% of the company’s stock.

NASDAQ:MANT opened at $70.01 on Wednesday. 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 business has a fifty day simple moving average of $69.25 and a two-hundred day simple moving average of $64.39. Mantech International has a 1 year low of $48.25 and a 1 year high of $72.25. The company has a market capitalization of $2.80 billion, a P/E ratio of 33.99, a P/E/G ratio of 3.70 and a beta of 0.88.

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, September 12th. Mantech International’s dividend payout ratio (DPR) is presently 52.43%.

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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