Wall Street brokerages expect that Mantech International Corp (NASDAQ:MANT) will report sales of $463.82 million for the current fiscal quarter, Zacks Investment Research reports. 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 posted sales of $394.18 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.7%. The firm is scheduled to report its next quarterly earnings results 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 year. For the next year, analysts forecast that the firm will report sales of $1.91 billion per share, with estimates ranging from $1.84 billion to $1.95 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Mantech International.
Several analysts have recently commented on MANT shares. Wells Fargo & Co raised their price objective on shares of Mantech International from $42.00 to $44.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Mantech International from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Thursday, January 11th. Loop Capital raised their price objective on shares of Mantech International to $60.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Cowen restated a “buy” rating and set a $54.00 price objective on shares of Mantech International in a research report on Thursday, November 30th. Finally, BidaskClub downgraded shares of Mantech International from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Three research 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 presently has an average rating of “Hold” and a consensus price target of $48.00.
In other Mantech International news, insider Judith L. Bjornaas sold 7,500 shares of Mantech International stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $50.79, for a total value of $380,925.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mary K. Bush sold 1,000 shares of Mantech International stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total transaction of $50,450.00. Following the completion of the sale, the director now owns 7,540 shares in the company, valued at $380,393. The disclosure for this sale can be found here. Insiders own 22.28% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 acquiring an additional 2,458 shares during the last quarter. SG Americas Securities LLC bought a new stake in Mantech International in the 3rd quarter valued at $165,000. Public Employees Retirement System of Ohio increased its holdings 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 acquiring an additional 239 shares during the last quarter. Barings LLC bought a new stake in Mantech International in the 4th quarter valued at $221,000. Finally, Stifel Financial Corp bought a new stake in Mantech International in the 2nd quarter valued at $228,000. Institutional investors own 62.48% of the company’s stock.
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About Mantech International
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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