Mantech International Corp (MANT) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Mantech International Corp (NASDAQ:MANT) issued its quarterly earnings data on Wednesday. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.02, StockRatingsNetwork.com reports. The company had revenue of $463.40 million for the quarter, compared to the consensus estimate of $482.58 million. During the same quarter last year, the company posted $0.58 earnings per share. Mantech International Corp’s revenue was down 23.4% compared to the same quarter last year. Mantech International Corp updated its FY14 guidance to $1.30 EPS.
On the ratings front, analysts at TheStreet downgraded shares of Mantech International Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.13.
Shares of Mantech International Corp (NASDAQ:MANT) traded up 0.58% during mid-day trading on Wednesday, hitting $29.42. The stock had a trading volume of 77,165 shares. Mantech International Corp has a 52 week low of $27.06 and a 52 week high of $31.32. The stock’s 50-day moving average is $29. and its 200-day moving average is $29.37. The company’s market cap is $1.095 billion.
ManTech International Corporation (NASDAQ:MANT) is a provider of technologies and solutions for mission-critical national security programs for the intelligence community; Departments of Defense (DOD), State, Homeland Security, Energy and Justice, including the Federal Bureau of Investigations (FBI); the space community, and other United States federal government customers.
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