Analysts Anticipate Mantech International Corp (MANT) Will Announce Earnings of $0.52 Per Share

Wall Street brokerages expect Mantech International Corp (NASDAQ:MANT) to report $0.52 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Mantech International’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.51. Mantech International posted earnings per share of $0.45 in the same quarter last year, which suggests a positive year-over-year growth rate of 15.6%. The firm is expected to report its next earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that Mantech International will report full-year earnings of $2.09 per share for the current financial year, with EPS estimates ranging from $2.07 to $2.11. For the next year, analysts expect that the firm will post earnings of $2.29 per share, with EPS estimates ranging from $2.26 to $2.32. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Mantech International.

Mantech International (NASDAQ:MANT) last announced its earnings results on Thursday, November 1st. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $497.20 million for the quarter, compared to the consensus estimate of $487.86 million. Mantech International had a return on equity of 5.84% and a net margin of 6.77%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS.

A number of analysts have recently commented on the company. BidaskClub raised Mantech International from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 24th. Noble Financial reissued a “hold” rating on shares of Mantech International in a research note on Friday, August 3rd. Wells Fargo & Co boosted their price objective on Mantech International from $58.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, August 2nd. Loop Capital boosted their price objective on Mantech International to $80.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. Finally, Cowen reissued a “buy” rating and issued a $65.00 price objective on shares of Mantech International in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $64.63.

In related news, CEO Kevin M. Phillips sold 63,645 shares of Mantech International stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $65.36, for a total value of $4,159,837.20. Following the transaction, the chief executive officer now directly owns 84,046 shares in the company, valued at approximately $5,493,246.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Judith L. Bjornaas sold 10,000 shares of Mantech International 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 completion of the transaction, the insider now owns 16,000 shares in the company, valued at $1,071,680. The disclosure for this sale can be found here. Insiders sold a total of 78,645 shares of company stock worth $5,158,987 over the last 90 days. Insiders own 22.28% of the company’s stock.

Several hedge funds have recently modified their holdings of MANT. OppenheimerFunds Inc. grew its holdings in shares of Mantech International by 1,577.9% during the second quarter. OppenheimerFunds Inc. now owns 336,309 shares of the technology company’s stock valued at $18,039,000 after buying an additional 316,266 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Mantech International by 215.9% during the third quarter. JPMorgan Chase & Co. now owns 407,897 shares of the technology company’s stock valued at $25,820,000 after buying an additional 278,769 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Mantech International by 8.1% during the second quarter. BlackRock Inc. now owns 3,621,012 shares of the technology company’s stock valued at $194,230,000 after buying an additional 270,010 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in shares of Mantech International during the second quarter valued at $13,137,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Mantech International by 77.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 543,956 shares of the technology company’s stock valued at $29,178,000 after buying an additional 237,373 shares in the last quarter. Institutional investors and hedge funds own 64.32% of the company’s stock.

Shares of Mantech International stock opened at $55.00 on Thursday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Mantech International has a 1-year low of $46.00 and a 1-year high of $68.11.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Thursday, December 6th. Mantech International’s payout ratio is 61.73%.

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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