Mantech International (NASDAQ:MANT) released its quarterly earnings data on Thursday. The technology company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03, Briefing.com reports. The firm had revenue of $497.20 million for the quarter, compared to analyst estimates of $487.86 million. Mantech International had a net margin of 6.68% and a return on equity of 5.46%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. Mantech International updated its FY18 guidance to $2.05-2.09 EPS.
NASDAQ MANT traded down $4.37 during mid-day trading on Friday, reaching $53.62. 18,561 shares of the stock were exchanged, compared to its average volume of 151,363. Mantech International has a 1 year low of $46.00 and a 1 year high of $68.11. The company has a market capitalization of $2.21 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 3.39 and a beta of 0.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.68 and a current ratio of 1.68.
In related news, insider Judith L. Bjornaas sold 10,000 shares of the stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $66.98, for a total transaction of $669,800.00. Following the sale, the insider now directly owns 16,000 shares of the company’s stock, valued at $1,071,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Judith L. Bjornaas sold 5,000 shares of the stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $65.87, for a total transaction of $329,350.00. Following the transaction, the insider now directly owns 11,000 shares in the company, valued at $724,570. The disclosure for this sale can be found here. Insiders have sold 81,835 shares of company stock worth $5,359,430 over the last three months. 22.28% of the stock is currently owned by insiders.
MANT has been the topic of a number of research reports. Loop Capital increased their price objective on shares of Mantech International to $80.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. BidaskClub lowered shares of Mantech International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. SunTrust Banks reiterated a “buy” rating and issued a $70.00 price objective on shares of Mantech International in a research note on Thursday, August 2nd. Cowen reissued a “buy” rating and set a $65.00 price target on shares of Mantech International in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised shares of Mantech International from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $65.13.
Mantech International Company Profile
ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It 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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