Mantech International Corp (NASDAQ:MANT) declared a quarterly dividend on Monday, November 5th, Wall Street Journal reports. Stockholders of record on Friday, December 7th will be paid a dividend of 0.25 per share by the technology company on Friday, December 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 6th.
Mantech International has a payout ratio of 48.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Mantech International to earn $2.27 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 44.1%.
Shares of MANT traded up $0.69 on Monday, reaching $55.85. 251,121 shares of the stock traded hands, compared to its average volume of 201,010. The stock has a market cap of $2.18 billion, a PE ratio of 34.27, a P/E/G ratio of 3.34 and a beta of 0.97. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.02. Mantech International has a 12 month low of $46.00 and a 12 month high of $68.11.
Mantech International (NASDAQ:MANT) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $497.20 million for the quarter, compared to analysts’ expectations of $487.86 million. Mantech International had a return on equity of 5.84% and a net margin of 6.77%. Mantech International’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. Equities analysts forecast that Mantech International will post 2.07 earnings per share for the current fiscal year.
In other Mantech International news, insider Judith L. Bjornaas sold 10,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $66.98, for a total value of $669,800.00. Following the sale, the insider now directly owns 16,000 shares in the company, valued at $1,071,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Judith L. Bjornaas sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $65.87, for a total value of $329,350.00. Following the completion of the sale, the insider now owns 11,000 shares in the company, valued at $724,570. The disclosure for this sale can be found here. Insiders sold 81,835 shares of company stock worth $5,359,430 over the last quarter. Company insiders own 34.10% of the company’s stock.
A number of research firms have recently issued reports on MANT. Credit Suisse Group boosted their price objective on Mantech International from $47.00 to $50.00 and gave the company an “underperform” rating in a research report on Monday, August 6th. SunTrust Banks restated a “buy” rating and set a $70.00 price objective on shares of Mantech International in a research report on Thursday, August 2nd. BidaskClub upgraded Mantech International from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 24th. Noble Financial restated a “hold” rating on shares of Mantech International in a research report on Friday, August 3rd. Finally, Wells Fargo & Co boosted their price objective on Mantech International from $58.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $65.13.
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About Mantech International
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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