ManTech International Corp.
Jan 12, 2009 (Zacks Investment Research via COMTEX News Network) -- The Zacks Rank Buys featured last week were: Questcor Pharmaceuticals, Inc. (QCOR), Pegasystems Inc. (PEGA), Celera Corp. (CRA), and Express Scripts, Inc. (ESRX).
ManTech International Corp. (MANT) has recently completed an acquisition and estimates are on the rise. The company was originally featured as a Zacks Rank Buy back in September.
Company Description
ManTech International Corp. provides a variety of information technology and other services to United States government agencies that focus primarily on national security. The company is involved in every phase from design and production to implementation and maintenance. Mantech's headquarters are located in Fairfax, Virginia, it has 7,400 full-time employees, and carries a market cap of $2.1 billion.
Estimates Climbing
Analyst estimates saw a nice bump, with full year estimates for next year coming in at an average of $2.92. This would be a 15% growth in what is anticipated to be a difficult 2009. The most recent analyst estimate was above the consensus at $2.97, a bullish signal.
Done Deal
On Dec 1 ManTech announced the purchase of EWA Services was complete. The deal was financed with cash and borrowing from senior secured credit facility.
EWA is expected to contribute roughly $20 million in revenues for 2009. ManTech is also forecasting good operating margins.
The Chart
Shares of MANT have been range bound for the past couple months and are currently pressuring the resistance near $55 per share. Take a look at the chart below.
Read the September 3rd Feature Here
Last Week's Aggressive Growth Zacks Rank Buy Stocks
Questcor Pharmaceuticals, Inc. (QCOR) shares have spiked the past few months as analysts raise estimates and the company continues to repurchase shares.
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Pegasystems Inc. (PEGA) was recently honored for its innovation in financial services software and is projecting fantastic growth rates through 2009.
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Celera Corp. (CRA) is showing phenomenal growth over the next few years as shares continue to set higher highs.
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Express Scripts, Inc. (ESRX) reported great quarterly results and have demonstrated benefits from the economic downturn over the past few months and into the future. Estimates are climbing as the company approaches its next earnings announcement.
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Zacks #1 Ranked Stocks have generated an average annual return of 31.8% since 1988. Every day we highlight four new Zacks Rank Buy stocks on the Zacks.com home page. Discover the Four Stocks we are Recommending Now!
Bill Wilton
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