Mantech International Corp (MANT) Expected to Post Quarterly Sales of $549.54 Million

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Analysts expect Mantech International Corp (NASDAQ:MANT) to report sales of $549.54 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Mantech International’s earnings, with the highest sales estimate coming in at $553.41 million and the lowest estimate coming in at $545.20 million. Mantech International posted sales of $491.04 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.9%. The company is expected to report its next earnings report on Wednesday, August 7th.

On average, analysts expect that Mantech International will report full year sales of $2.17 billion for the current fiscal year, with estimates ranging from $2.17 billion to $2.18 billion. For the next year, analysts expect that the firm will report sales of $2.36 billion, with estimates ranging from $2.35 billion to $2.36 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Mantech International.

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

MANT has been the subject of a number of recent analyst reports. BidaskClub raised Mantech International from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Cowen reaffirmed a “buy” rating and issued a $65.00 price target on shares of Mantech International in a research note on Wednesday, February 27th. Zacks Investment Research raised Mantech International from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Saturday, February 23rd. Finally, ValuEngine raised Mantech International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Mantech International presently has a consensus rating of “Buy” and a consensus price target of $66.43.

Shares of NASDAQ:MANT opened at $61.55 on Monday. 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 has a market cap of $2.45 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 3.43 and a beta of 0.98. Mantech International has a 1-year low of $48.25 and a 1-year high of $68.11.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.27 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.75%. Mantech International’s dividend payout ratio (DPR) is presently 52.43%.

In related news, CFO Judith L. Bjornaas sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $62.90, for a total value of $754,800.00. Following the completion of the transaction, the chief financial officer now directly owns 22,000 shares in the company, valued at approximately $1,383,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Judith L. Bjornaas sold 3,670 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $53.84, for a total value of $197,592.80. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $538,400. The disclosure for this sale can be found here. Corporate insiders own 33.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Mantech International by 1,578.6% in the 1st quarter. FMR LLC now owns 705 shares of the technology company’s stock valued at $38,000 after buying an additional 663 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of Mantech International in the 1st quarter valued at approximately $47,000. Man Group plc boosted its holdings in shares of Mantech International by 20.9% in the 1st quarter. Man Group plc now owns 14,864 shares of the technology company’s stock valued at $803,000 after buying an additional 2,568 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Mantech International in the 1st quarter valued at approximately $47,000. Finally, Jefferies Group LLC boosted its holdings in shares of Mantech International by 95.9% in the 1st quarter. Jefferies Group LLC now owns 7,732 shares of the technology company’s stock valued at $418,000 after buying an additional 3,785 shares during the last quarter. Institutional investors and hedge funds own 63.92% of the company’s stock.

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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