Brokerages predict that Mantech International Corp (NASDAQ:MANT) will report $490.51 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Mantech International’s earnings, with estimates ranging from $486.10 million to $495.00 million. Mantech International posted sales of $422.67 million in the same quarter last year, which suggests a positive year over year growth rate of 16.1%. The business is scheduled to report its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Mantech International will report full-year sales of $1.95 billion for the current fiscal year, with estimates ranging from $1.94 billion to $1.96 billion. For the next fiscal year, analysts expect that the business will report sales of $2.11 billion per share, with estimates ranging from $2.08 billion to $2.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Mantech International.

Mantech International (NASDAQ:MANT) last announced its quarterly 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. Mantech International had a return on equity of 5.46% and a net margin of 6.68%. The firm had revenue of $491.00 million for the quarter, compared to the consensus estimate of $476.98 million. During the same period in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis.

A number of research analysts have weighed in on MANT shares. Stifel Nicolaus started coverage on Mantech International in a report on Friday, May 25th. They issued a “hold” rating and a $55.00 target price on the stock. Wells Fargo & Co raised Mantech International from a “market perform” rating to an “outperform” rating in a report on Thursday, May 31st. ValuEngine downgraded Mantech International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 5th. Zacks Investment Research downgraded Mantech International from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, BidaskClub raised Mantech International from a “hold” rating to a “buy” rating in a report on Friday, July 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Mantech International currently has a consensus rating of “Buy” and a consensus price target of $65.13.

In other Mantech International news, insider Judith L. Bjornaas sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 16,000 shares in the company, valued at $1,071,680. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Judith L. Bjornaas sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $65.87, for a total value of $329,350.00. Following the completion of the sale, the insider now owns 11,000 shares of the company’s stock, valued at approximately $724,570. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,835 shares of company stock valued at $5,359,430. Company insiders own 22.28% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of MANT. OppenheimerFunds Inc. grew its position 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 worth $18,039,000 after purchasing an additional 316,266 shares in the last quarter. Millennium Management LLC grew its position in shares of Mantech International by 1,393.4% during the first quarter. Millennium Management LLC now owns 321,164 shares of the technology company’s stock worth $17,815,000 after purchasing an additional 299,659 shares in the last quarter. BlackRock Inc. grew its position 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 worth $194,230,000 after purchasing an additional 270,010 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Mantech International during the second quarter worth about $13,137,000. Finally, Massachusetts Financial Services Co. MA grew its position 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 worth $29,178,000 after purchasing an additional 237,373 shares in the last quarter. Institutional investors and hedge funds own 64.69% of the company’s stock.

MANT stock opened at $61.50 on Friday. Mantech International has a fifty-two week low of $41.76 and a fifty-two week high of $68.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 3.91 and a beta of 0.83.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, September 6th. Mantech International’s dividend payout ratio 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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