$0.52 EPS Expected for Mantech International Corp (MANT) This Quarter

Wall Street brokerages predict that Mantech International Corp (NASDAQ:MANT) will post earnings per share of $0.52 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Mantech International’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.51. Mantech International reported earnings of $0.45 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.6%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that Mantech International will report full year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.07 to $2.11. For the next financial year, analysts forecast that the company will report earnings of $2.29 per share, with EPS estimates ranging from $2.26 to $2.32. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Mantech International.

Mantech International (NASDAQ:MANT) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 6.77% and a return on equity of 5.84%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS.

A number of research firms have issued reports on MANT. Loop Capital lifted their price objective on shares of Mantech International to $80.00 and gave the stock a “buy” rating in a report on Monday, September 17th. BidaskClub downgraded shares of Mantech International from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Zacks Investment Research raised shares of Mantech International from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Tuesday, November 6th. Cowen reissued a “buy” rating and issued a $65.00 price target on shares of Mantech International in a report on Monday, November 5th. Finally, Drexel Hamilton reissued a “hold” rating on shares of Mantech International in a report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $64.63.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its holdings in Mantech International by 2.2% during the fourth quarter. State of Alaska Department of Revenue now owns 8,876 shares of the technology company’s stock valued at $464,000 after purchasing an additional 195 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Mantech International by 0.4% during the third quarter. Teachers Advisors LLC now owns 272,956 shares of the technology company’s stock valued at $17,278,000 after buying an additional 959 shares during the period. Swiss National Bank increased its position in shares of Mantech International by 2.7% during the third quarter. Swiss National Bank now owns 45,987 shares of the technology company’s stock valued at $2,911,000 after buying an additional 1,200 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of Mantech International by 4.4% during the third quarter. Hillsdale Investment Management Inc. now owns 28,530 shares of the technology company’s stock valued at $1,806,000 after buying an additional 1,200 shares during the period. Finally, IndexIQ Advisors LLC increased its position in shares of Mantech International by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 40,982 shares of the technology company’s stock valued at $2,594,000 after buying an additional 1,548 shares during the period. 63.59% of the stock is currently owned by institutional investors and hedge funds.

MANT traded up $0.49 during mid-day trading on Monday, reaching $54.39. 79,851 shares of the stock were exchanged, compared to its average volume of 87,000. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 2.97 and a beta of 0.94. Mantech International has a 1 year low of $46.00 and a 1 year high of $68.11.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Friday, December 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, December 6th. Mantech International’s dividend payout ratio (DPR) is presently 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.

Featured Story: What are Closed-End Mutual Funds?

Get a free copy of the Zacks research report on Mantech International (MANT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mantech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mantech International and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit