Analysts forecast that Mandiant Inc (NASDAQ:MNDT) will report earnings of ($0.13) per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Mandiant’s earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.15). Mandiant reported earnings of $0.12 per share in the same quarter last year, which would indicate a negative year over year growth rate of 208.3%. The firm is expected to issue its next earnings results after the market closes on Tuesday, February 8th.
According to Zacks, analysts expect that Mandiant will report full year earnings of ($0.52) per share for the current fiscal year, with EPS estimates ranging from ($0.55) to ($0.48). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.42) per share, with EPS estimates ranging from ($0.63) to ($0.17). Zacks’ EPS averages are an average based on a survey of analysts that follow Mandiant.
Mandiant (NASDAQ:MNDT) last announced its earnings results on Thursday, November 4th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.39. Mandiant had a negative return on equity of 9.97% and a negative net margin of 30.46%. The company had revenue of $121.97 million for the quarter, compared to the consensus estimate of $120.78 million. During the same period last year, the business posted ($0.06) EPS. The company’s revenue was up 21.9% on a year-over-year basis.
Several equities research analysts have commented on MNDT shares. Morgan Stanley started coverage on shares of Mandiant in a research report on Thursday, October 7th. They set an “equal weight” rating and a $19.00 price target on the stock. Barclays lowered their price objective on shares of Mandiant from $20.00 to $19.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 13th. Colliers Securities restated a “buy” rating on shares of Mandiant in a research note on Friday, November 5th. The Goldman Sachs Group initiated coverage on shares of Mandiant in a research note on Tuesday, October 19th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of Mandiant from a “sell” rating to a “hold” rating in a research note on Wednesday, December 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Mandiant has a consensus rating of “Hold” and a consensus price target of $19.00.
In related news, COO John P. Watters purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 23rd. The shares were acquired at an average price of $16.55 per share, for a total transaction of $165,500.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald E. F. Codd sold 40,000 shares of the company’s stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $18.05, for a total transaction of $722,000.00. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MNDT. Tudor Investment Corp Et Al acquired a new position in shares of Mandiant during the 3rd quarter worth approximately $1,163,000. Captrust Financial Advisors acquired a new position in shares of Mandiant during the 3rd quarter worth approximately $248,000. Marshall Wace LLP acquired a new position in shares of Mandiant during the 3rd quarter worth approximately $17,713,000. Finally, Graypoint LLC acquired a new position in shares of Mandiant during the 3rd quarter worth approximately $184,000. Institutional investors and hedge funds own 84.13% of the company’s stock.
MNDT opened at $16.42 on Friday. The company has a 50 day simple moving average of $17.36. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.93. Mandiant has a 12 month low of $15.72 and a 12 month high of $24.15. The firm has a market cap of $3.94 billion, a PE ratio of -16.26 and a beta of 0.95.
About Mandiant
Mandiant, Inc operates as an intelligence-led security company. The firm engages in intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber attacks. It operates through the following geographical segments: United States; EMEA; APAC; and Other.