Volt Information Sciences, Inc. (VISI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Volt Information Sciences, Inc. (NYSE:VISI) released its quarterly earnings data on Thursday. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.01, Morningstar.com reports. The firm had revenue of $289.92 million during the quarter, compared to the consensus estimate of $303 million. Volt Information Sciences had a negative return on equity of 7.50% and a negative net margin of 0.28%.
Shares of Volt Information Sciences (NYSE VISI) opened at 3.05 on Friday. Volt Information Sciences has a 12-month low of $2.90 and a 12-month high of $8.74. The company has a 50 day moving average price of $3.34 and a 200 day moving average price of $5.19. The company’s market capitalization is $63.83 million.
Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in Volt Information Sciences by 115.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,075 shares of the company’s stock valued at $154,000 after acquiring an additional 20,959 shares during the period. Northern Trust Corp boosted its holdings in Volt Information Sciences by 5.8% during the 2nd quarter. Northern Trust Corp now owns 42,072 shares of the company’s stock valued at $166,000 after acquiring an additional 2,318 shares during the period. Royce & Associates LP boosted its holdings in Volt Information Sciences by 7.1% during the 2nd quarter. Royce & Associates LP now owns 75,000 shares of the company’s stock valued at $296,000 after acquiring an additional 5,000 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in Volt Information Sciences by 46.0% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 491,636 shares of the company’s stock valued at $1,942,000 after acquiring an additional 154,836 shares during the period. Finally, ARS Investment Partners LLC boosted its holdings in Volt Information Sciences by 2.2% during the 2nd quarter. ARS Investment Partners LLC now owns 667,536 shares of the company’s stock valued at $2,637,000 after acquiring an additional 14,556 shares during the period.
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About Volt Information Sciences
Volt Information Sciences, Inc is a provider of staffing services and information technology infrastructure services. The Company operates through North American Staffing; International Staffing; Technology Outsourcing Services and Solutions, and Corporate and Other segments. Its staffing services consist of workforce solutions, including providing contingent workers, personnel recruitment services and managed staffing services programs supporting light industrial, information technology and engineering positions.
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