Analysts Expect Mantech International Corp (NASDAQ:MANT) to Post $0.56 EPS

Wall Street brokerages forecast that Mantech International Corp (NASDAQ:MANT) will announce $0.56 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Mantech International’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.54. Mantech International reported earnings of $0.50 per share during the same quarter last year, which suggests a positive year over year growth rate of 12%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Mantech International will report full-year earnings of $2.28 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.30. For the next financial year, analysts forecast that the business will post earnings of $2.55 per share, with EPS estimates ranging from $2.52 to $2.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Mantech International.

Mantech International (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. Mantech International had a net margin of 4.18% and a return on equity of 5.97%. The firm had revenue of $501.90 million during the quarter, compared to analysts’ expectations of $507.79 million. During the same period in the previous year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year.

A number of equities analysts recently commented on MANT shares. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. BidaskClub raised shares of Ultra Clean from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Morgan Stanley cut shares of Meili from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $14.00 to $4.20 in a research note on Monday, June 3rd. Finally, Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $66.25.

In related news, Director Richard L. Armitage sold 4,000 shares of Mantech International stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $62.27, for a total transaction of $249,080.00. Following the completion of the sale, the director now owns 4,000 shares in the company, valued at approximately $249,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Judith L. Bjornaas sold 12,000 shares of Mantech International stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $62.90, for a total transaction of $754,800.00. Following the sale, the chief financial officer now owns 22,000 shares of the company’s stock, valued at approximately $1,383,800. The disclosure for this sale can be found here. Company insiders own 33.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Mantech International in the 4th quarter valued at about $23,047,000. BlackRock Inc. lifted its holdings in shares of Mantech International by 5.8% during 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. OppenheimerFunds Inc. lifted its holdings in shares of Mantech International by 9.4% during the first quarter. OppenheimerFunds Inc. now owns 751,664 shares of the technology company’s stock valued at $40,605,000 after purchasing an additional 64,530 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Mantech International by 92.9% during the fourth quarter. Hsbc Holdings PLC now owns 62,865 shares of the technology company’s stock valued at $3,287,000 after purchasing an additional 30,271 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Mantech International during the first quarter valued at $1,507,000. Institutional investors own 63.86% of the company’s stock.

Shares of MANT stock traded up $0.41 during trading hours on Wednesday, reaching $67.11. 61,001 shares of the stock were exchanged, compared to its average volume of 120,064. Mantech International has a 12-month low of $48.25 and a 12-month high of $68.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 2.02. The stock’s 50-day moving average is $63.88. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 3.66 and a beta of 0.95.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. Mantech International’s payout ratio is 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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