ManTech International Corporation Announces Quarterly Dividend of $0.21 (MANT)
ManTech International Corporation (NASDAQ:MANT) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Friday, December 8th will be paid a dividend of 0.21 per share by the technology company on Friday, December 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Thursday, December 7th.
ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $422.70 million for the quarter, compared to analyst estimates of $427.44 million. ManTech International Corporation had a return on equity of 4.75% and a net margin of 3.61%. ManTech International Corporation’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share.
MANT has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on ManTech International Corporation from $42.00 to $44.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Jefferies Group LLC restated a “sell” rating on shares of ManTech International Corporation in a research note on Friday, August 18th. Zacks Investment Research downgraded ManTech International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub upgraded ManTech International Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Maxim Group boosted their target price on ManTech International Corporation from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. ManTech International Corporation has an average rating of “Hold” and an average price target of $44.86.
In related news, Director Mary K. Bush sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $40.39, for a total transaction of $100,975.00. Following the completion of the transaction, the director now owns 8,540 shares of the company’s stock, valued at approximately $344,930.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter R. Fatzinger, Jr. sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $40.52, for a total value of $81,040.00. Following the transaction, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $850,920. The disclosure for this sale can be found here. Insiders have sold a total of 28,520 shares of company stock valued at $1,167,556 in the last three months. 22.28% of the stock is owned by insiders.
About ManTech International Corporation
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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