Mantech International Corp (NASDAQ:MANT) Receives $65.86 Average PT from Analysts
Mantech International Corp (NASDAQ:MANT) has earned a consensus rating of “Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $65.86.
MANT has been the subject of several research reports. BidaskClub upgraded Ultra Clean from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Morgan Stanley downgraded Meili from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $14.00 to $4.20 in a research report on Monday, June 3rd. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Finally, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.
In other Mantech International news, Director Richard L. Armitage sold 4,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $62.27, for a total value of $249,080.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $249,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Judith L. Bjornaas sold 12,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $62.90, for a total value of $754,800.00. Following the completion of the transaction, the chief financial officer now owns 22,000 shares of the company’s stock, valued at $1,383,800. The disclosure for this sale can be found here. Insiders own 33.70% of the company’s stock.
Shares of MANT stock traded up $0.50 during midday trading on Friday, reaching $67.70. 654 shares of the company traded hands, compared to its average volume of 116,658. The business’s 50 day moving average price is $64.41. Mantech International has a 1-year low of $48.25 and a 1-year high of $68.11. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 3.70 and a beta of 0.94.
Mantech International (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. Mantech International had a net margin of 4.18% and a return on equity of 5.97%. The company had revenue of $501.90 million during the quarter, compared to the consensus estimate of $507.79 million. During the same period last year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Mantech International will post 2.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.08 annualized dividend and a dividend yield of 1.60%. Mantech International’s dividend payout ratio is currently 52.43%.
Mantech International Company Profile
ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company 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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