Mantech International Corp (MANT) was Downgraded by Wells Fargo to ” Underperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on Aug 30, 2016.
On the company’s financial health, Mantech International Corp reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.35. The company had revenue of $401.35 million for the quarter, compared to analysts expectations of $402.41 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Mantech International Corp closed down -0.5 points or -1.21% at $40.99 with 83,688 shares getting traded on Monday. Post opening the session at $41.37, the shares hit an intraday low of $38.04 and an intraday high of $41.49 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Investors should note that on Jul 27, 2016, Mantech International Corp announced a cash dividend of $0.2100. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 23, 2016.
In a different news, on Aug 29, 2016, Kevin M Phillips (Executive Vice President & CFO) sold 13,949 shares at $41.14 per share price. According to the SEC, on Aug 24, 2016, Judith L Bjornaas (SVP & Deputy CFO) sold 13,900 shares at $40.77 per share price. On Aug 10, 2016, Daniel J Keefe (Business Group President) sold 10,000 shares at $39.72 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.