Analysts forecast that Vectrus Inc (NYSE:VEC) will post sales of $306.20 million for the current quarter, Zacks reports. Two analysts have issued estimates for Vectrus’ earnings. The highest sales estimate is $315.00 million and the lowest is $297.40 million. Vectrus posted sales of $259.32 million during the same quarter last year, which suggests a positive year-over-year growth rate of 18.1%. The business is expected to report its next quarterly earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Vectrus will report full-year sales of $1.26 billion for the current financial year. For the next financial year, analysts anticipate that the business will post sales of $1.30 billion per share, with estimates ranging from $1.29 billion to $1.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Vectrus.
Vectrus (NYSE:VEC) last posted its earnings results on Tuesday, May 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.12). Vectrus had a return on equity of 15.21% and a net margin of 5.15%. The firm had revenue of $320.52 million during the quarter, compared to analysts’ expectations of $309.29 million.
VEC has been the topic of several research reports. ValuEngine cut shares of Vectrus from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research upgraded shares of Vectrus from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Friday, May 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Vectrus currently has a consensus rating of “Hold” and a consensus target price of $34.50.
Vectrus traded down $0.54, hitting $30.95, on Friday, according to MarketBeat. The stock had a trading volume of 62,096 shares, compared to its average volume of 93,148. Vectrus has a 52-week low of $25.17 and a 52-week high of $41.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $353.79 million, a PE ratio of 14.34 and a beta of 1.56.
In other Vectrus news, Director Phillip Widman bought 10,000 shares of Vectrus stock in a transaction that occurred on Monday, May 21st. The shares were bought at an average price of $31.21 per share, with a total value of $312,100.00. Following the acquisition, the director now owns 11,002 shares in the company, valued at $343,372.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric M. Pillmore bought 1,000 shares of Vectrus stock in a transaction that occurred on Wednesday, May 9th. The shares were acquired at an average cost of $29.73 per share, for a total transaction of $29,730.00. Following the acquisition, the director now owns 9,444 shares in the company, valued at approximately $280,770.12. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 21,000 shares of company stock worth $647,515. Corporate insiders own 2.80% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Vectrus by 7.0% in the 1st quarter. BlackRock Inc. now owns 791,531 shares of the business services provider’s stock worth $29,476,000 after acquiring an additional 51,885 shares during the last quarter. LSV Asset Management grew its holdings in Vectrus by 1.2% in the 1st quarter. LSV Asset Management now owns 605,193 shares of the business services provider’s stock worth $22,537,000 after acquiring an additional 7,205 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Vectrus by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 564,377 shares of the business services provider’s stock worth $21,017,000 after acquiring an additional 11,191 shares during the last quarter. Prudential Financial Inc. grew its holdings in Vectrus by 4.8% in the 1st quarter. Prudential Financial Inc. now owns 277,217 shares of the business services provider’s stock worth $10,323,000 after acquiring an additional 12,710 shares during the last quarter. Finally, Chicago Equity Partners LLC grew its holdings in Vectrus by 1.8% in the 1st quarter. Chicago Equity Partners LLC now owns 175,389 shares of the business services provider’s stock worth $6,531,000 after acquiring an additional 3,095 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.
Vectrus, Inc provides facility and logistics, and information technology and network communication services to the U.S. government worldwide. It offers facility and logistics services, such as airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations, warehouse management and distribution, and equipment maintenance, repair, and services for U.S.
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