Virtusa Corp (VRTU) Announces Quarterly Results
Virtusa Corp (NASDAQ:VRTU) announced its earnings results on Monday. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.21) by $0.56, Analyst RN reports. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $111.53 million.
Shares of Virtusa Corp (NASDAQ:VRTU) traded up 2.81% during mid-day trading on Monday, hitting $35.12. 166,292 shares of the company’s stock traded hands. Virtusa Corp has a 52-week low of $21.29 and a 52-week high of $38.49. The stock’s 50-day moving average is $33.20 and its 200-day moving average is $34.59. The company has a market cap of $1.024 billion and a price-to-earnings ratio of 26.94.
In other Virtusa Corp news, President Raj Rajgopal unloaded 3,500 shares of Virtusa Corp stock on the open market in a transaction dated Thursday, May 1st. The shares were sold at an average price of $32.70, for a total transaction of $114,450.00. Following the completion of the transaction, the president now directly owns 97,334 shares of the company’s stock, valued at approximately $3,182,822. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Virtusa Corporation is an information technology services company. The Company uses an offshore delivery model to provide a broad range of information technology (NASDAQ:VRTU), services, including IT consulting, technology implementation and application outsourcing.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.