ManTech International Corporation (MANT) to Post FY2017 Earnings of $1.55 Per Share, SunTrust Banks Forecasts
ManTech International Corporation (NASDAQ:MANT) – Analysts at SunTrust Banks increased their FY2017 earnings per share estimates for ManTech International Corporation in a research note issued on Wednesday. SunTrust Banks analyst T. Sommer now forecasts that the technology company will post earnings of $1.55 per share for the year, up from their prior estimate of $1.51. SunTrust Banks also issued estimates for ManTech International Corporation’s Q4 2017 earnings at $0.37 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.63 EPS.
Other analysts also recently issued reports about the company. Cowen and Company reiterated a “buy” rating and set a $45.00 target price on shares of ManTech International Corporation in a research report on Monday, August 21st. Zacks Investment Research upgraded ManTech International Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, August 25th. Maxim Group set a $44.00 price objective on ManTech International Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Loop Capital lifted their price objective on ManTech International Corporation from $45.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $44.86.
Shares of ManTech International Corporation (NASDAQ MANT) opened at $49.40 on Monday. The stock has a market capitalization of $1,959.08, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 4.05 and a beta of 0.93.
ManTech International Corporation (NASDAQ:MANT) last released its earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.61%. The business had revenue of $422.70 million during the quarter, compared to the consensus estimate of $427.44 million. During the same period last year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in ManTech International Corporation by 6.8% in the second quarter. BlackRock Inc. now owns 3,964,424 shares of the technology company’s stock valued at $164,049,000 after buying an additional 252,770 shares during the last quarter. Vanguard Group Inc. boosted its position in ManTech International Corporation by 9.5% in the first quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock valued at $93,765,000 after buying an additional 234,114 shares during the last quarter. Earnest Partners LLC boosted its position in ManTech International Corporation by 1.7% in the second quarter. Earnest Partners LLC now owns 1,403,248 shares of the technology company’s stock valued at $58,066,000 after buying an additional 23,191 shares during the last quarter. Victory Capital Management Inc. boosted its position in ManTech International Corporation by 11.8% in the third quarter. Victory Capital Management Inc. now owns 1,181,031 shares of the technology company’s stock valued at $52,143,000 after buying an additional 125,005 shares during the last quarter. Finally, Northern Trust Corp boosted its position in ManTech International Corporation by 31.5% in the second quarter. Northern Trust Corp now owns 732,890 shares of the technology company’s stock valued at $30,327,000 after buying an additional 175,453 shares during the last quarter. Hedge funds and other institutional investors own 61.96% of the company’s stock.
In other 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 sale, the director now owns 8,540 shares in the company, valued at $344,930.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kevin M. Phillips sold 24,020 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $41.03, for a total value of $985,540.60. Following the completion of the sale, the chief operating officer now owns 47,656 shares in the company, valued at approximately $1,955,325.68. The disclosure for this sale can be found here. Insiders have sold 28,520 shares of company stock worth $1,167,556 in the last 90 days. Insiders own 35.06% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.70%. ManTech International Corporation’s payout ratio is 27.45%.
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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