Mantech International Corp (NASDAQ:MANT) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Friday, September 11th will be given a dividend of 0.32 per share by the technology company on Friday, September 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, September 10th.
Mantech International has raised its dividend by an average of 28.6% per year over the last three years and has increased its dividend every year for the last 2 years. Mantech International has a dividend payout ratio of 47.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Mantech International to earn $3.32 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 38.6%.
NASDAQ:MANT traded down $1.51 on Friday, reaching $69.24. The company’s stock had a trading volume of 2,347 shares, compared to its average volume of 184,643. Mantech International has a 1-year low of $55.25 and a 1-year high of $93.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market cap of $2.79 billion, a PE ratio of 22.53, a PEG ratio of 3.02 and a beta of 0.72. The business’s 50-day moving average price is $67.90 and its two-hundred day moving average price is $74.47.
Mantech International (NASDAQ:MANT) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. Mantech International had a return on equity of 8.58% and a net margin of 5.24%. The business had revenue of $632.50 million during the quarter, compared to analysts’ expectations of $569.69 million. During the same period in the prior year, the business earned $0.60 EPS. Mantech International’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, sell-side analysts expect that Mantech International will post 3.04 EPS for the current year.
MANT has been the topic of a number of research analyst reports. BidaskClub lowered shares of Mantech International from a “hold” rating to a “sell” rating in a report on Friday, June 26th. Morgan Stanley increased their price target on Mantech International from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Wells Fargo & Co raised Mantech International from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $87.00 to $83.00 in a research report on Tuesday, May 19th. They noted that the move was a valuation call. SunTrust Banks dropped their price objective on Mantech International from $88.00 to $80.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Zacks Investment Research cut shares of Mantech International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $84.86.
In related news, Director Richard L. Armitage sold 4,000 shares of Mantech International stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $78.23, for a total transaction of $312,920.00. Following the completion of the sale, the director now owns 4,000 shares of the company’s stock, valued at approximately $312,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 33.49% of the company’s stock.
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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