Brokerages forecast that ManTech International (NASDAQ:MANT) will post sales of $467.87 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for ManTech International’s earnings, with the lowest sales estimate coming in at $465.00 million and the highest estimate coming in at $470.00 million. ManTech International reported sales of $418.37 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, May 2nd.
According to Zacks, analysts expect that ManTech International will report full year sales of $1.92 billion for the current financial year, with estimates ranging from $1.90 billion to $1.94 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.06 billion per share, with estimates ranging from $2.04 billion to $2.09 billion. Zacks’ sales averages are an average based on a survey of analysts that follow ManTech International.
ManTech International (NASDAQ:MANT) last released its earnings results on Wednesday, February 21st. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The company had revenue of $462.30 million during the quarter, compared to analyst estimates of $461.91 million. ManTech International had a net margin of 6.65% and a return on equity of 4.96%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS.
ManTech International stock traded down $0.26 during midday trading on Thursday, hitting $60.88. The stock had a trading volume of 117,294 shares, compared to its average volume of 245,243. The firm has a market capitalization of $2,388.26, a price-to-earnings ratio of 37.58, a P/E/G ratio of 3.80 and a beta of 0.89. ManTech International has a 52-week low of $34.91 and a 52-week high of $62.24. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were issued a dividend of $0.25 per share. This is a positive change from ManTech International’s previous quarterly dividend of $0.21. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Thursday, March 8th. ManTech International’s dividend payout ratio (DPR) is 30.86%.
In other ManTech International news, insider Daniel J. Keefe sold 4,327 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $57.03, for a total transaction of $246,768.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Keefe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $54.91, for a total transaction of $329,460.00. Following the sale, the insider now directly owns 6,000 shares of the company’s stock, valued at $329,460. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,083 shares of company stock valued at $1,942,832. Insiders own 22.28% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in ManTech International during the 3rd quarter valued at approximately $165,000. Barings LLC bought a new position in shares of ManTech International during the 4th quarter valued at approximately $221,000. Paloma Partners Management Co bought a new position in shares of ManTech International during the 4th quarter valued at approximately $274,000. BlueCrest Capital Management Ltd bought a new position in shares of ManTech International during the 4th quarter valued at approximately $275,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of ManTech International during the 4th quarter valued at approximately $283,000. 64.42% of the stock is owned by institutional investors and hedge funds.
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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