Zacks: Analysts Expect Mantech International Corp (MANT) to Announce $0.39 Earnings Per Share

Wall Street analysts expect Mantech International Corp (NASDAQ:MANT) to announce earnings per share (EPS) of $0.39 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Mantech International’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.37. Mantech International reported earnings per share of $0.35 during the same quarter last year, which indicates a positive year-over-year growth rate of 11.4%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, February 21st.

On average, analysts expect that Mantech International will report full-year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.57. For the next fiscal year, analysts anticipate that the company will post earnings of $1.80 per share, with EPS estimates ranging from $1.63 to $2.01. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Mantech International.

Several equities analysts have commented on MANT shares. Loop Capital upped their price objective on shares of Mantech International to $57.00 in a report on Tuesday, December 19th. BidaskClub downgraded shares of Mantech International from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Cowen reiterated a “buy” rating and issued a $54.00 price objective on shares of Mantech International in a report on Thursday, November 30th. Wells Fargo & Co upped their price objective on shares of Mantech International from $42.00 to $44.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of Mantech International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Four analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.00.

In other news, Director Mary K. Bush sold 1,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total value of $50,450.00. Following the completion of the sale, the director now owns 7,540 shares of the company’s stock, valued at $380,393. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider L. William Varner sold 47,500 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $48.52, for a total transaction of $2,304,700.00. Following the completion of the sale, the insider now directly owns 37,500 shares of the company’s stock, valued at approximately $1,819,500. The disclosure for this sale can be found here. In the last three months, insiders sold 56,000 shares of company stock valued at $2,736,075. 22.28% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in shares of Mantech International by 5.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock valued at $189,000 after acquiring an additional 239 shares during the period. The Manufacturers Life Insurance Company lifted its position in Mantech International by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 19,891 shares of the technology company’s stock worth $823,000 after purchasing an additional 738 shares during the period. Rhumbline Advisers lifted its position in Mantech International by 2.0% during the third quarter. Rhumbline Advisers now owns 54,076 shares of the technology company’s stock worth $2,387,000 after purchasing an additional 1,040 shares during the period. American International Group Inc. lifted its position in Mantech International by 5.8% during the third quarter. American International Group Inc. now owns 20,397 shares of the technology company’s stock worth $901,000 after purchasing an additional 1,122 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in Mantech International by 43.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,888 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,181 shares during the period. 63.16% of the stock is owned by institutional investors.

Mantech International (NASDAQ:MANT) opened at $49.09 on Thursday. Mantech International has a fifty-two week low of $33.50 and a fifty-two week high of $53.31. The company has a market cap of $1,879.85, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 3.35 and a beta of 1.04.

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Mantech International Company Profile

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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