$ 681.05 million in expected sales for ManTech International Co. (NASDAQ: MANT) this quarter
Stock analysts predict that ManTech International Co. (NASDAQ: MANT) will report sales of $ 681.05 million for the current fiscal quarter, according to Zacks. Two analysts provided earnings estimates for ManTech International, with the lowest sales estimate at $ 674.40 million and the highest estimate at $ 687.70 million. ManTech International posted sales of $ 636.20 million in the same quarter last year, which would indicate a positive growth rate of 7% year-over-year. The company is expected to report its next quarterly results on Thursday, November 4.
According to Zacks, analysts expect ManTech International to report annual revenue of $ 2.66 billion for the current fiscal year, with estimates ranging from $ 2.65 billion to $ 2.68 billion. of dollars. For the next fiscal year, analysts expect the company to post revenue of $ 2.80 billion, with estimates ranging from $ 2.78 billion to $ 2.83 billion. Zacks’ sales calculations are an average based on a survey of research analysts who cover ManTech International.
ManTech International (NASDAQ: MANT) last reported its quarterly results on Tuesday, August 3. The tech company reported earnings per share (EPS) of $ 0.99 for the quarter, beating the consensus estimate of $ 0.87 by $ 0.12. ManTech International recorded a return on equity of 9.21% and a net margin of 5.12%. The company posted revenue of $ 648.58 million in the quarter, compared to analysts’ expectations of $ 668.99 million.
Several research companies have recently published reports on MANT. Alliance Global Partners reduced its target price on shares of ManTech International from $ 96.00 to $ 88.00 and set a “neutral” rating for the company in a research note on Wednesday, August 4. Zacks Investment Research upgraded ManTech International from a “sell” rating to a “custody” rating in a research report published on Friday, August 6. Credit Suisse Group increased its price target on ManTech International from $ 60.00 to $ 66.00 and gave the stock an “underperformance” rating in a research report published on Wednesday August 4. Finally, Morgan Stanley raised its price target on ManTech International from $ 89.00 to $ 90.00 and gave the stock an “equal weight” rating in a research report published on Tuesday, June 15. One analyst rated the stock with a sell rating and four issued a hold rating for the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $ 84.80.
NASDAQ: MANT shares opened at $ 77.42 on Monday. ManTech International has a 52 week low of $ 61.93 and a 52 week high of $ 101.35. The stock has a market cap of $ 3.15 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 4.20, and a beta of 0.71. The company has a quick ratio of 1.59, a current ratio of 1.59, and a debt ratio of 0.02. The company has a 50-day moving average price of $ 80.06 and a 200-day moving average price of $ 84.22.
The company also recently announced a quarterly dividend, which was paid on Friday, September 24. Investors registered on Friday, September 10 received a dividend of $ 0.38. The ex-dividend date was Thursday, September 9. This represents a dividend of $ 1.52 on an annualized basis and a dividend yield of 1.96%. ManTech International’s dividend payout ratio (DPR) is currently 45.24%.
Separately, CEO Kevin M. Phillips sold 22,500 shares of the company in a trade that took place on Wednesday, August 11. The stock was sold for an average price of $ 83.25, for a total value of $ 1,873,125. Following the completion of the transaction, the CEO now directly owns 128,030 shares of the company, valued at approximately $ 10,658,497.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In addition, director Richard J. Kerr sold 4,325 shares of the company in a trade on Tuesday, August 10. The stock was sold for an average price of $ 84.00, for a total value of $ 363,300.00. Disclosure of this sale can be found here. Insiders have sold a total of 30,107 shares of the company valued at $ 2,515,395 in the past ninety days. 33.59% of the shares are held by insiders.
A number of institutional investors have recently changed their holdings in MANT. JPMorgan Chase & Co. increased its stake in ManTech International by 29.5% during the second quarter. JPMorgan Chase & Co. now owns 1,711,971 shares of the tech company valued at $ 148,153,000 after purchasing an additional 390,227 shares in the last quarter. Brown Advisory Inc. increased its position in shares of ManTech International by 28.1% during the first quarter. Brown Advisory Inc. now owns 1,007,184 shares of the technology company valued at $ 87,575,000 after acquiring an additional 220,671 shares during the last quarter. Earnest Partners LLC increased its position in shares of ManTech International by 8.8% during the first quarter. Earnest Partners LLC now owns 1,717,360 shares of the technology company valued at $ 149,324,000 after acquiring an additional 138,311 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in ManTech International in the first quarter valued at approximately $ 10,051,000. Finally, Morgan Stanley increased its stake in ManTech International by 108.4% in the first quarter. Morgan Stanley now owns 219,824 shares of the tech company valued at $ 19,113,000 after purchasing an additional 114,342 shares in the last quarter. Hedge funds and other institutional investors hold 66.06% of the company’s shares.
About ManTech International
ManTech International Corp. engages in the provision of information technology solutions and technical services. It also offers cybersecurity, software and systems development, enterprise information technology, multidisciplinary intelligence, program protection and mission assurance, systems engineering, testing and evaluation. , command, control, communications, computers, intelligence, training, supply chain and management. consultant.
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