Brokers Set Expectations for Mantech International Corp’s Q1 2019 Earnings (MANT)

Mantech International Corp (NASDAQ:MANT) – SunTrust Banks dropped their Q1 2019 earnings per share (EPS) estimates for Mantech International in a research report issued to clients and investors on Wednesday, February 20th. SunTrust Banks analyst T. Sommer now expects that the technology company will earn $0.52 per share for the quarter, down from their previous forecast of $0.53. SunTrust Banks also issued estimates for Mantech International’s Q4 2020 earnings at $0.67 EPS and FY2020 earnings at $2.53 EPS.

Other equities analysts also recently issued reports about the stock. Loop Capital set a $80.00 target price on shares of Mantech International and gave the stock a “buy” rating in a report on Wednesday, November 14th. BidaskClub upgraded shares of Mantech International from a “hold” rating to a “buy” rating in a report on Saturday, November 10th. Zacks Investment Research upgraded shares of Mantech International from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, November 6th. Cowen reiterated a “buy” rating and issued a $65.00 price objective on shares of Mantech International in a report on Monday, November 5th. Finally, ValuEngine downgraded shares of Mantech International from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $65.43.

Shares of MANT opened at $53.24 on Friday. The firm has a market cap of $2.32 billion, a P/E ratio of 25.84, a PEG ratio of 3.20 and a beta of 0.93. Mantech International has a 1-year low of $48.25 and a 1-year high of $68.11.

Mantech International (NASDAQ:MANT) last issued its earnings results on Wednesday, February 20th. The technology company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.02). The firm had revenue of $497.10 million for the quarter, compared to analyst estimates of $493.45 million. Mantech International had a return on equity of 5.98% and a net margin of 4.19%. Mantech International’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a $0.27 dividend. This is an increase from Mantech International’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, March 7th. Mantech International’s payout ratio is currently 48.54%.

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Mantech International by 5.8% in the fourth quarter. BlackRock Inc. now owns 3,987,949 shares of the technology company’s stock valued at $208,550,000 after purchasing an additional 217,476 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Mantech International by 1.6% in the third quarter. Vanguard Group Inc now owns 3,239,112 shares of the technology company’s stock valued at $205,036,000 after purchasing an additional 49,492 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Mantech International by 1.6% in the third quarter. Vanguard Group Inc. now owns 3,239,112 shares of the technology company’s stock valued at $205,036,000 after purchasing an additional 49,492 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mantech International by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,214,312 shares of the technology company’s stock valued at $140,165,000 after purchasing an additional 11,980 shares during the last quarter. Finally, Chartwell Investment Partners LLC increased its holdings in shares of Mantech International by 4.4% in the fourth quarter. Chartwell Investment Partners LLC now owns 528,086 shares of the technology company’s stock valued at $27,616,000 after purchasing an additional 22,395 shares during the last quarter. Hedge funds and other institutional investors own 64.71% of the company’s stock.

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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Earnings History and Estimates for Mantech International (NASDAQ:MANT)

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