Vectrus, Inc. (NYSE:VEC) Releases FY17 Earnings Guidance
Vectrus, Inc. (NYSE:VEC) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.68-2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.82. The company issued revenue guidance of $990-1090, compared to the consensus revenue estimate of $1.07 billion.
A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Vectrus from a strong-buy rating to a buy rating in a research note on Monday, July 31st. Drexel Hamilton raised shares of Vectrus from a hold rating to a buy rating in a research note on Wednesday, May 10th. Finally, TheStreet raised shares of Vectrus from a d+ rating to a c rating in a research note on Wednesday, May 10th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Vectrus has an average rating of Buy and a consensus target price of $24.50.
Vectrus, Inc. (VEC) traded down 0.03% during midday trading on Tuesday, hitting $33.30. 139,900 shares of the company were exchanged. The stock has a market capitalization of $364.44 million, a PE ratio of 15.48 and a beta of 2.17. Vectrus, Inc. has a one year low of $12.50 and a one year high of $35.58. The firm’s 50-day moving average price is $32.96 and its 200-day moving average price is $26.83.
Vectrus (NYSE:VEC) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. The business had revenue of $290.06 million during the quarter, compared to analyst estimates of $288 million. Vectrus had a net margin of 2.03% and a return on equity of 20.74%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business earned $0.61 EPS. Equities research analysts anticipate that Vectrus, Inc. will post $1.82 earnings per share for the current year.
In related news, SVP Francis Peloso sold 6,172 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $30.85, for a total value of $190,406.20. Following the completion of the transaction, the senior vice president now owns 19,071 shares in the company, valued at approximately $588,340.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.90% of the stock is owned by company insiders.
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Vectrus, Inc is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations.
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