ManTech International Corporation Plans Quarterly Dividend of $0.21 (MANT)
ManTech International Corporation (NASDAQ:MANT) declared a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Friday, December 8th will be paid a dividend of 0.21 per share by the technology company on Friday, December 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, December 7th.
ManTech International Corporation (NASDAQ:MANT) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $422.70 million during the quarter, compared to analyst estimates of $427.44 million. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. ManTech International Corporation’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share.
In related news, Director Walter R. Fatzinger, Jr. sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.52, for a total value of $81,040.00. Following the sale, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $850,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kevin M. Phillips sold 24,020 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $41.03, for a total transaction of $985,540.60. Following the completion of the sale, the chief operating officer now directly owns 47,656 shares in the company, valued at $1,955,325.68. The disclosure for this sale can be found here. Insiders sold a total of 28,520 shares of company stock valued at $1,167,556 in the last three months. 22.28% of the stock is owned by company insiders.
A number of analysts recently weighed in on the stock. Maxim Group set a $44.00 price target on shares of ManTech International Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. Loop Capital raised their price target on shares of ManTech International Corporation from $45.00 to $53.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of ManTech International Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Saturday, August 5th. BidaskClub raised shares of ManTech International Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “sell” rating on shares of ManTech International Corporation in a report on Friday, August 18th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.86.
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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