Mantech International Corp (MANT) Releases Earnings Results, Beats Expectations By $0.04 EPS

Mantech International Corp (MANT) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.31. The company posted revenue of $390.66 million in the period, compared to analysts expectations of $386.86 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Mantech International Corp. Company shares were Reiterated by Maxim Group on Feb 18, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $43 .

Mantech International Corp opened for trading at $31.9 and hit $32.65 on the upside on Friday, eventually ending the session at $32.17, with a gain of 0.66% or 0.21 points. The heightened volatility saw the trading volume jump to 94,846 shares. Company has a market cap of $1,212 M.

In a different news, on Mar 4, 2016, Mary K Bush (director) sold 1,580 shares at $28.87 per share price. According to the SEC, on Nov 25, 2015, Daniel J Keefe (Business Group President) sold 25,000 shares at $32.03 per share price. On Sep 11, 2015, Walter R Jr Fatzinger (director) sold 1,700 shares at $26.35 per share price, according to the Form-4 filing with the securities and exchange commission.

ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense State Homeland Security Energy and Justice including the Federal Bureau of Investigation; the healthcare and space communities; and other United States federal Government customers. It supports national security programs for around 50 federal agencies through over 1100 contracts. Its solutions and services include cyber; software and systems development; enterprise information technology; multi-discipline intelligence; program protection and mission assurance; systems engineering; test and evaluation; command control communications computers intelligence surveillance and reconnaissance; training; global logistics and supply chain management and management consulting. It offers services to the Unites States Government intelligence military space and civilian agencies and commercial customers among others.

Mantech International Corp

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