ManTech International (NASDAQ:MANT) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

ManTech International (NASDAQ:MANT) announced its earnings results on Tuesday. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.05, MarketWatch Earnings reports. The company had revenue of $633.20 million for the quarter, compared to analyst estimates of $649.78 million. ManTech International had a return on equity of 8.75% and a net margin of 5.19%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. ManTech International updated its FY 2021 guidance to 3.480-3.600 EPS and its FY21 guidance to $3.48-3.60 EPS.

ManTech International stock traded down $0.90 during midday trading on Tuesday, hitting $86.10. 182,146 shares of the company were exchanged, compared to its average volume of 181,982. The business has a fifty day simple moving average of $85.75 and a two-hundred day simple moving average of $83.10. The firm has a market capitalization of $3.49 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 3.69 and a beta of 0.78. ManTech International has a fifty-two week low of $61.91 and a fifty-two week high of $101.35.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from ManTech International’s previous quarterly dividend of $0.32. ManTech International’s dividend payout ratio (DPR) is presently 52.23%.

Several research firms have recently issued reports on MANT. Morgan Stanley upped their price objective on shares of ManTech International from $85.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, February 25th. Zacks Investment Research downgraded shares of ManTech International from a “buy” rating to a “hold” rating in a research note on Thursday, April 22nd. Finally, Alliance Global Partners downgraded ManTech International from a “buy” rating to a “neutral” rating and upped their target price for the company from $90.00 to $98.00 in a research report on Tuesday, February 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $89.40.

About ManTech International

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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Earnings History for ManTech International (NASDAQ:MANT)

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