Equities analysts expect that Mantech International Corp (NASDAQ:MANT) will announce $506.78 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Mantech International’s earnings. The lowest sales estimate is $501.63 million and the highest is $510.00 million. Mantech International reported sales of $473.24 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The company is expected to announce its next earnings report after the market closes on Wednesday, May 1st.

According to Zacks, analysts expect that Mantech International will report full-year sales of $2.10 billion for the current financial year, with estimates ranging from $2.10 billion to $2.11 billion. For the next financial year, analysts forecast that the firm will post sales of $2.25 billion, with estimates ranging from $2.24 billion to $2.26 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Mantech International.

Mantech International (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.02). Mantech International had a return on equity of 5.95% and a net margin of 4.19%. The company had revenue of $497.10 million for the quarter, compared to analysts’ expectations of $493.45 million. During the same period in the prior year, the business earned $0.45 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year.

A number of equities analysts recently issued reports on MANT shares. Drexel Hamilton reissued a “hold” rating on shares of Mantech International in a report on Wednesday, December 19th. Zacks Investment Research lowered Mantech International from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. BidaskClub lowered Mantech International from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. ValuEngine lowered Mantech International from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Cowen reissued a “buy” rating and set a $65.00 price target on shares of Mantech International in a report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $65.29.

Shares of NASDAQ MANT traded down $0.01 during midday trading on Thursday, reaching $55.50. 97,700 shares of the company were exchanged, compared to its average volume of 127,078. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.01. Mantech International has a 1 year low of $48.25 and a 1 year high of $68.11. The firm has a market cap of $2.21 billion, a P/E ratio of 26.94, a P/E/G ratio of 3.09 and a beta of 0.93.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, March 7th. This is a positive change from Mantech International’s previous quarterly dividend of $0.25. Mantech International’s payout ratio is currently 52.43%.

In other Mantech International news, insider Judith L. Bjornaas sold 3,670 shares of Mantech International stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $53.84, for a total value of $197,592.80. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $538,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 34.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MANT. Norges Bank acquired a new stake in Mantech International in the 4th quarter valued at $23,047,000. JPMorgan Chase & Co. raised its position in shares of Mantech International by 215.9% in the 3rd 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. raised its position in shares of Mantech International by 5.8% in the 4th quarter. BlackRock Inc. now owns 3,987,949 shares of the technology company’s stock valued at $208,550,000 after buying an additional 217,476 shares in the last quarter. Morgan Stanley raised its position in shares of Mantech International by 95.1% in the 3rd quarter. Morgan Stanley now owns 131,496 shares of the technology company’s stock valued at $8,323,000 after buying an additional 64,089 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Mantech International by 25.3% in the 3rd quarter. Legal & General Group Plc now owns 251,122 shares of the technology company’s stock valued at $15,889,000 after buying an additional 50,783 shares in the last quarter. 65.56% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Mantech International (NASDAQ:MANT)

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