Mantech International Corp (MANT) Expected to Post Quarterly Sales of $463.82 Million
Equities research analysts forecast that Mantech International Corp (NASDAQ:MANT) will report $463.82 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Mantech International’s earnings, with the lowest sales estimate coming in at $461.20 million and the highest estimate coming in at $465.27 million. Mantech International reported sales of $394.18 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.7%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Mantech International will report full year sales of $463.82 million for the current financial year. For the next year, analysts forecast that the company will post sales of $1.91 billion per share, with estimates ranging from $1.84 billion to $1.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Mantech International.
Several brokerages have recently weighed in on MANT. Loop Capital raised their price objective on Mantech International to $57.00 in a report on Tuesday, December 19th. Zacks Investment Research cut Mantech International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub cut Mantech International from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Finally, Cowen restated a “buy” rating and issued a $54.00 price objective on shares of Mantech International in a report on Thursday, November 30th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $48.00.
A number of large investors have recently modified their holdings of MANT. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Mantech International by 297.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock valued at $145,000 after purchasing an additional 2,458 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Mantech International in the 3rd quarter valued at about $165,000. Public Employees Retirement System of Ohio lifted its stake in Mantech International by 5.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock valued at $189,000 after purchasing an additional 239 shares during the last quarter. Barings LLC acquired a new stake in Mantech International in the 4th quarter valued at about $221,000. Finally, Stifel Financial Corp acquired a new stake in Mantech International in the 2nd quarter valued at about $228,000. Institutional investors and hedge funds own 62.48% of the company’s stock.
Shares of Mantech International (NASDAQ MANT) traded up $0.33 during midday trading on Friday, hitting $51.25. The stock had a trading volume of 155,844 shares, compared to its average volume of 165,178. The company has a market cap of $1,990.00, a PE ratio of 33.50, a price-to-earnings-growth ratio of 3.45 and a beta of 1.04. Mantech International has a 12 month low of $33.50 and a 12 month high of $53.31.
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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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