$0.51 EPS Expected for Mantech International Corp (MANT) This Quarter

Equities research analysts expect Mantech International Corp (NASDAQ:MANT) to announce $0.51 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Mantech International’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.51. Mantech International posted earnings of $0.39 per share in the same quarter last year, which would suggest a positive year over year growth rate of 30.8%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, November 1st.

According to Zacks, analysts expect that Mantech International will report full-year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.09. For the next financial year, analysts forecast that the company will report earnings of $2.27 per share, with EPS estimates ranging from $2.23 to $2.30. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Mantech International.

Mantech International (NASDAQ:MANT) last issued its earnings results on Wednesday, August 1st. The technology company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $491.00 million for the quarter, compared to analyst estimates of $476.98 million. Mantech International had a net margin of 6.68% and a return on equity of 5.46%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS.

MANT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Mantech International from a “buy” rating to a “hold” rating in a research note on Thursday, July 5th. SunTrust Banks upgraded shares of Mantech International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $66.00 in a research note on Friday, July 6th. Credit Suisse Group increased their price objective on shares of Mantech International from $47.00 to $50.00 and gave the stock an “underperform” rating in a research note on Monday, August 6th. Stifel Nicolaus reiterated a “hold” rating and set a $65.00 price objective on shares of Mantech International in a research note on Thursday, August 2nd. Finally, Cowen reiterated a “buy” rating and set a $65.00 price objective on shares of Mantech International in a research note on Thursday, August 2nd. One equities research 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 a consensus rating of “Buy” and an average price target of $65.13.

In other Mantech International news, CEO Kevin M. Phillips sold 63,645 shares of the company’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $65.36, for a total value of $4,159,837.20. Following the completion of the transaction, the chief executive officer now owns 84,046 shares in the company, valued at approximately $5,493,246.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard J. Kerr sold 1,592 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $62.95, for a total transaction of $100,216.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,835 shares of company stock worth $5,359,430. 34.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Mantech International by 8.1% in the 2nd quarter. BlackRock Inc. now owns 3,621,012 shares of the technology company’s stock worth $194,230,000 after purchasing an additional 270,010 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Mantech International by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,202,332 shares of the technology company’s stock worth $118,133,000 after purchasing an additional 11,349 shares during the last quarter. Earnest Partners LLC grew its position in Mantech International by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 1,439,787 shares of the technology company’s stock worth $77,230,000 after purchasing an additional 5,198 shares during the last quarter. Victory Capital Management Inc. grew its position in Mantech International by 3.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,214,965 shares of the technology company’s stock worth $65,171,000 after purchasing an additional 42,505 shares during the last quarter. Finally, Northern Trust Corp grew its position in Mantech International by 0.5% in the 2nd quarter. Northern Trust Corp now owns 778,093 shares of the technology company’s stock worth $41,738,000 after purchasing an additional 3,628 shares during the last quarter. Hedge funds and other institutional investors own 64.69% of the company’s stock.

Shares of Mantech International stock opened at $58.93 on Friday. The stock has a market capitalization of $2.51 billion, a PE ratio of 36.74, a P/E/G ratio of 3.83 and a beta of 0.85. 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 1 year low of $45.15 and a 1 year high of $68.11.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, September 6th. This represents a $1.00 annualized dividend and a yield of 1.70%. Mantech International’s dividend payout ratio (DPR) is 61.73%.

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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