Mantech International Corp (NASDAQ:MANT) – SunTrust Banks upped their FY2018 earnings per share estimates for shares of Mantech International in a research report issued to clients and investors on Monday, November 5th. SunTrust Banks analyst T. Sommer now forecasts that the technology company will post earnings per share of $2.07 for the year, up from their previous estimate of $2.05. SunTrust Banks currently has a “Buy” rating and a $70.00 target price on the stock. SunTrust Banks also issued estimates for Mantech International’s Q4 2018 earnings at $0.51 EPS, Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.60 EPS, Q4 2019 earnings at $0.58 EPS, FY2019 earnings at $2.27 EPS, Q1 2020 earnings at $0.57 EPS, Q2 2020 earnings at $0.64 EPS, Q3 2020 earnings at $0.65 EPS and FY2020 earnings at $2.52 EPS.
A number of other research analysts have also issued reports on MANT. Stifel Nicolaus reiterated a “hold” rating and set a $65.00 target price on shares of Mantech International in a research report on Thursday, August 2nd. Cowen reiterated a “buy” rating and set a $65.00 target price on shares of Mantech International in a research report on Monday. Zacks Investment Research upgraded Mantech International from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Tuesday. Credit Suisse Group increased their target price on Mantech International from $47.00 to $50.00 and gave the company an “underperform” rating in a research report on Monday, August 6th. Finally, BidaskClub lowered Mantech International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $64.63.
Mantech International (NASDAQ:MANT) last announced its earnings results on Thursday, November 1st. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Mantech International had a return on equity of 5.84% and a net margin of 6.77%. The firm had revenue of $497.20 million for the quarter, compared to analyst estimates of $487.86 million. During the same quarter last year, the firm posted $0.39 EPS. The business’s revenue was up 17.6% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.64%. The ex-dividend date is Thursday, December 6th. Mantech International’s dividend payout ratio is currently 61.73%.
In related news, insider Judith L. Bjornaas sold 5,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 11,000 shares of the company’s stock, valued at approximately $724,570. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard J. Kerr sold 1,592 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $62.95, for a total value of $100,216.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,237 shares of company stock valued at $5,259,204. 22.28% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System increased its stake in shares of Mantech International by 1.3% in the 2nd quarter. New York State Teachers Retirement System now owns 72,380 shares of the technology company’s stock worth $3,882,000 after acquiring an additional 909 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Mantech International by 8.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 13,515 shares of the technology company’s stock worth $725,000 after acquiring an additional 998 shares during the last quarter. Swiss National Bank increased its stake in shares of Mantech International by 2.7% in the 3rd quarter. Swiss National Bank now owns 45,987 shares of the technology company’s stock worth $2,911,000 after acquiring an additional 1,200 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Mantech International by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 64,858 shares of the technology company’s stock worth $3,479,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Mantech International by 7.0% in the 2nd quarter. Strs Ohio now owns 19,800 shares of the technology company’s stock worth $1,062,000 after acquiring an additional 1,300 shares during the last quarter. 63.39% of the stock is owned by hedge funds and other institutional investors.
Mantech International Company Profile
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.
Further Reading: Why do company’s buyback their stock?
Receive News & Ratings for Mantech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mantech International and related companies with MarketBeat.com's FREE daily email newsletter.