Mantech International Corp (NASDAQ:MANT) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Friday, September 11th will be paid a dividend of 0.32 per share by the technology company on Friday, September 25th. This represents a $1.28 annualized dividend and a yield of 1.86%. The ex-dividend date is Thursday, September 10th.
Mantech International has increased its dividend payment by an average of 28.6% per year over the last three years and has raised its dividend every year for the last 2 years. Mantech International has a payout ratio of 47.6% indicating that its dividend is sufficiently covered by earnings. Research 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%.
Shares of MANT traded down $1.79 during midday trading on Friday, reaching $68.96. 1,777 shares of the company were exchanged, 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 stock has a 50-day moving average price of $67.90 and a 200-day moving average price of $74.47. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 3.02 and a beta of 0.72.
Mantech International (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.66 by $0.08. The firm had revenue of $632.50 million for the quarter, compared to analyst estimates of $569.69 million. Mantech International had a return on equity of 8.58% and a net margin of 5.24%. Mantech International’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. Equities research analysts anticipate that Mantech International will post 3.04 earnings per share for the current year.
In related news, Director Richard L. Armitage sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $78.23, for a total transaction of $312,920.00. Following the sale, the director now directly owns 4,000 shares in the company, valued at approximately $312,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 33.49% of the stock is currently owned by corporate insiders.
MANT has been the subject of several analyst reports. Alliance Global Partners raised shares of Mantech International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $90.00 in a research note on Thursday. Zacks Investment Research cut Mantech International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 1st. Morgan Stanley boosted their price objective on shares of Mantech International from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. SunTrust Banks decreased their price objective on shares of Mantech International from $88.00 to $80.00 and set a “hold” rating for the company in a report on Thursday. Finally, Wells Fargo & Co upgraded shares of Mantech International from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $87.00 to $83.00 in a report on Tuesday, May 19th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Mantech International presently has a consensus rating of “Hold” and a consensus target price of $84.86.
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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