Mantech International Corp (NASDAQ:MANT) – Analysts at SunTrust Banks boosted their Q1 2018 EPS estimates for shares of Mantech International in a research report issued on Wednesday. SunTrust Banks analyst T. Sommer now forecasts that the technology company will earn $0.48 per share for the quarter, up from their prior estimate of $0.40. SunTrust Banks has a “Hold” rating and a $58.00 price target on the stock. SunTrust Banks also issued estimates for Mantech International’s Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.51 EPS, Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.56 EPS and Q4 2019 earnings at $0.57 EPS.
A number of other brokerages also recently weighed in on MANT. Zacks Investment Research raised shares of Mantech International from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Friday. Loop Capital lifted their target price on shares of Mantech International to $65.00 and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group lifted their target price on shares of Mantech International from $44.00 to $47.00 and gave the stock an “underperform” rating in a research note on Friday. They noted that the move was a valuation call. Maxim Group lifted their target price on shares of Mantech International from $53.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Cowen reissued an “outperform” rating and set a $60.00 target price (up previously from $55.00) on shares of Mantech International in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Mantech International presently has a consensus rating of “Hold” and an average target price of $56.14.
Mantech International (NASDAQ MANT) opened at $58.22 on Friday. Mantech International has a 52 week low of $33.50 and a 52 week high of $62.24. The firm has a market cap of $2,291.62, a price-to-earnings ratio of 20.01, a P/E/G ratio of 3.83 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.26 and a current ratio of 1.61.
Mantech International (NASDAQ:MANT) last announced its earnings results on Wednesday, February 21st. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. Mantech International had a net margin of 6.65% and a return on equity of 4.96%. The business had revenue of $462.30 million during the quarter, compared to the consensus estimate of $461.91 million. During the same quarter last year, the firm earned $0.35 earnings per share. Mantech International’s quarterly revenue was up 17.3% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Mantech International by 2.2% during the fourth quarter. BlackRock Inc. now owns 4,317,246 shares of the technology company’s stock worth $216,683,000 after purchasing an additional 94,199 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mantech International by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,159,794 shares of the technology company’s stock worth $95,354,000 after purchasing an additional 10,337 shares during the last quarter. Earnest Partners LLC boosted its holdings in Mantech International by 0.7% during the fourth quarter. Earnest Partners LLC now owns 1,414,501 shares of the technology company’s stock worth $70,994,000 after purchasing an additional 9,782 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Mantech International by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,185,671 shares of the technology company’s stock worth $59,509,000 after purchasing an additional 4,640 shares during the last quarter. Finally, State Street Corp boosted its holdings in Mantech International by 2.6% during the second quarter. State Street Corp now owns 655,663 shares of the technology company’s stock worth $27,133,000 after purchasing an additional 16,555 shares during the last quarter. Institutional investors and hedge funds own 62.96% of the company’s stock.
In other news, Director Mary K. Bush sold 1,000 shares of Mantech International stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total transaction of $50,450.00. Following the completion of the transaction, the director now directly owns 7,540 shares in the company, valued at $380,393. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Judith L. Bjornaas sold 7,500 shares of Mantech International stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $50.79, for a total transaction of $380,925.00. The disclosure for this sale can be found here. Company insiders own 22.28% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.72%. This is a boost from Mantech International’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 8th. Mantech International’s dividend payout ratio (DPR) is presently 14.43%.
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Mantech International Company Profile
ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.
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