ManTech International (NASDAQ:MANT) Updates FY 2021 Earnings Guidance

ManTech International (NASDAQ:MANT) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.480-3.600 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.540. The company issued revenue guidance of $2.65 billion-$2.75 billion, compared to the consensus revenue estimate of $2.69 billion.ManTech International also updated its FY21 guidance to $3.48-3.60 EPS.

Several brokerages recently commented on MANT. Zacks Investment Research lowered shares of ManTech International from a buy rating to a hold rating in a research report on Thursday, April 22nd. Morgan Stanley increased their target price on ManTech International from $85.00 to $89.00 and gave the stock an equal weight rating in a research report on Thursday, February 25th. Finally, Alliance Global Partners cut ManTech International from a buy rating to a neutral rating and lifted their target price for the company from $90.00 to $98.00 in a report on Tuesday, February 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $89.40.

Shares of NASDAQ MANT traded down $0.90 during midday trading on Tuesday, hitting $86.10. The company’s stock had a trading volume of 182,146 shares, compared to its average volume of 181,982. ManTech International has a 1-year low of $61.91 and a 1-year high of $101.35. The firm’s fifty day moving average price is $85.75 and its 200-day moving average price is $83.10. The firm has a market cap of $3.49 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.69 and a beta of 0.78.

ManTech International (NASDAQ:MANT) last issued its earnings results on Tuesday, May 4th. The technology company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.05. The company had revenue of $633.20 million during the quarter, compared to the consensus estimate of $649.78 million. ManTech International had a return on equity of 8.75% and a net margin of 5.19%. ManTech International’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. On average, equities research analysts forecast that ManTech International will post 3.27 EPS for the current year.

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

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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