Analysts predict that Vectrus Inc (NYSE:VEC) will announce sales of $321.08 million for the current quarter, according to Zacks. Three analysts have made estimates for Vectrus’ earnings. The lowest sales estimate is $307.00 million and the highest is $335.24 million. Vectrus posted sales of $320.52 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that Vectrus will report full-year sales of $1.32 billion for the current financial year, with estimates ranging from $1.31 billion to $1.33 billion. For the next financial year, analysts anticipate that the company will post sales of $1.42 billion, with estimates ranging from $1.40 billion to $1.44 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Vectrus.
Vectrus (NYSE:VEC) last posted its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). Vectrus had a return on equity of 16.86% and a net margin of 2.76%.
Several research firms have recently issued reports on VEC. ValuEngine downgraded shares of Vectrus from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Noble Financial restated a “hold” rating on shares of Vectrus in a report on Thursday, February 28th. Zacks Investment Research upgraded shares of Vectrus from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. Finally, TheStreet downgraded shares of Vectrus from a “b-” rating to a “c+” rating in a report on Friday, December 14th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.00.
VEC opened at $26.59 on Friday. Vectrus has a 52-week low of $19.61 and a 52-week high of $39.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $297.56 million, a PE ratio of 9.04 and a beta of 1.57.
In related news, Director Melvin Parker sold 1,375 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $28.09, for a total value of $38,623.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eric M. Pillmore purchased 2,959 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was acquired at an average price of $22.03 per share, for a total transaction of $65,186.77. Following the acquisition, the director now owns 17,961 shares in the company, valued at approximately $395,680.83. The disclosure for this purchase can be found here. In the last quarter, insiders sold 4,125 shares of company stock worth $107,979. 2.80% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Putnam Investments LLC increased its holdings in Vectrus by 305.6% in the 3rd quarter. Putnam Investments LLC now owns 74,145 shares of the business services provider’s stock worth $2,313,000 after buying an additional 55,865 shares during the period. Wells Fargo & Company MN increased its position in Vectrus by 138.8% during the third quarter. Wells Fargo & Company MN now owns 77,665 shares of the business services provider’s stock worth $2,423,000 after buying an additional 45,139 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Vectrus by 10.9% in the third quarter. Dimensional Fund Advisors LP now owns 746,310 shares of the business services provider’s stock valued at $23,278,000 after purchasing an additional 73,126 shares during the period. Bowling Portfolio Management LLC acquired a new position in shares of Vectrus in the fourth quarter valued at approximately $810,000. Finally, AQR Capital Management LLC increased its holdings in shares of Vectrus by 4.2% in the third quarter. AQR Capital Management LLC now owns 563,082 shares of the business services provider’s stock valued at $17,563,000 after purchasing an additional 22,885 shares during the period. Institutional investors own 87.23% of the company’s stock.
Vectrus, Inc provides facility and logistics, and information technology and network communication services to the U.S. government worldwide. The company 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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