Virtusa (NASDAQ:VRTU) will be announcing its earnings results before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Virtusa has set its Q3 guidance at $0.41-0.47 EPS and its FY18 guidance at $1.50-1.62 EPS.
Virtusa (NASDAQ:VRTU) last announced its quarterly earnings data on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Virtusa had a return on equity of 4.86% and a net margin of 2.54%. The company had revenue of $248.20 million during the quarter, compared to analyst estimates of $237.48 million. During the same quarter last year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, analysts expect Virtusa to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Virtusa (NASDAQ:VRTU) opened at $44.62 on Thursday. Virtusa has a twelve month low of $24.84 and a twelve month high of $48.71. The firm has a market capitalization of $1,310.00, a PE ratio of 62.85, a P/E/G ratio of 2.25 and a beta of 1.72. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.18.
In other Virtusa news, CEO Kris A. Canekeratne sold 10,000 shares of Virtusa stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $45.06, for a total transaction of $450,600.00. Following the completion of the transaction, the chief executive officer now owns 571,491 shares of the company’s stock, valued at approximately $25,751,384.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Davoli sold 1,505 shares of Virtusa stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $45.31, for a total value of $68,191.55. Following the transaction, the director now directly owns 9,996 shares of the company’s stock, valued at approximately $452,918.76. The disclosure for this sale can be found here. In the last three months, insiders sold 89,580 shares of company stock valued at $4,095,604. 5.96% of the stock is currently owned by insiders.
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Virtusa Company Profile
Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services.
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