Analysts expect Mantech International Corp (NASDAQ:MANT) to post $610.57 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Mantech International's earnings. The lowest sales estimate is $602.30 million and the highest is $623.62 million. Mantech International posted sales of $579.18 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The business is expected to announce its next earnings report on Wednesday, November 4th.
On average, analysts expect that Mantech International will report full year sales of $2.48 billion for the current year, with estimates ranging from $2.47 billion to $2.50 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.63 billion, with estimates ranging from $2.60 billion to $2.70 billion. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research analysts that cover Mantech International.
Mantech International (NASDAQ:MANT) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.18. Mantech International had a return on equity of 8.51% and a net margin of 5.24%. The company had revenue of $632.50 million for the quarter, compared to the consensus estimate of $569.69 million. During the same quarter in the previous year, the business earned $0.60 EPS. Mantech International's revenue was up 17.8% compared to the same quarter last year.
A number of research analysts recently issued reports on MANT shares. Zacks Investment Research upgraded Mantech International from a "hold" rating to a "buy" rating and set a $78.00 price target on the stock in a report on Tuesday, August 4th. Alliance Global Partners upgraded Mantech International from a "neutral" rating to a "buy" rating and boosted their price target for the company from $88.00 to $90.00 in a report on Thursday, July 30th. BidaskClub downgraded Mantech International from a "hold" rating to a "sell" rating in a report on Thursday, August 20th. Wells Fargo & Company upgraded Mantech International from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $87.00 to $83.00 in a report on Tuesday, May 19th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their target price on Mantech International from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of "Hold" and a consensus target price of $81.71.
Shares of NASDAQ:MANT opened at $73.36 on Wednesday. Mantech International has a 1 year low of $55.25 and a 1 year high of $93.99. The company has a market cap of $2.96 billion, a PE ratio of 23.36, a P/E/G ratio of 3.15 and a beta of 0.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.55 and a quick ratio of 1.55. The stock's 50-day moving average is $73.26 and its 200 day moving average is $72.55.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.74%. Mantech International's dividend payout ratio (DPR) is 43.99%.
Several institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System grew its stake in shares of Mantech International by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 40,897 shares of the technology company's stock worth $2,801,000 after buying an additional 144 shares during the last quarter. State of Tennessee Treasury Department grew its stake in shares of Mantech International by 0.9% in the 1st quarter. State of Tennessee Treasury Department now owns 19,118 shares of the technology company's stock worth $1,389,000 after buying an additional 166 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Mantech International by 0.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 26,836 shares of the technology company's stock worth $1,838,000 after buying an additional 192 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Mantech International by 0.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 55,170 shares of the technology company's stock worth $4,009,000 after buying an additional 232 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Mantech International by 2.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,930 shares of the technology company's stock worth $749,000 after buying an additional 250 shares during the last quarter. Institutional investors own 65.38% of the company's stock.
Mantech International Company Profile
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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