Vectrus, Inc. (NYSE:VEC) Updates FY17 Earnings Guidance
Vectrus, Inc. (NYSE:VEC) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.68-2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.82. The company issued revenue guidance of $990-1090, compared to the consensus revenue estimate of $1.07 billion.
Vectrus, Inc. (NYSE VEC) traded down 0.03% during trading on Tuesday, reaching $33.30. 139,900 shares of the company’s stock traded hands. The stock has a market cap of $364.44 million, a price-to-earnings ratio of 15.48 and a beta of 2.17. Vectrus, Inc. has a 52-week low of $12.50 and a 52-week high of $35.58. The company’s 50 day moving average is $33.09 and its 200-day moving average is $26.97.
Vectrus (NYSE:VEC) last announced its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. Vectrus had a net margin of 2.03% and a return on equity of 20.74%. The firm had revenue of $290.06 million for the quarter, compared to the consensus estimate of $288 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts anticipate that Vectrus, Inc. will post $1.82 earnings per share for the current fiscal year.
VEC has been the topic of a number of recent analyst reports. Drexel Hamilton raised shares of Vectrus from a hold rating to a buy rating in a report on Wednesday, May 10th. BidaskClub downgraded shares of Vectrus from a strong-buy rating to a buy rating in a report on Monday, July 31st. Finally, TheStreet raised shares of Vectrus from a d+ rating to a c rating in a report on Wednesday, May 10th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Vectrus presently has an average rating of Buy and an average price target of $24.50.
In related news, SVP Francis Peloso sold 17,159 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $30.81, for a total value of $528,668.79. Following the sale, the senior vice president now directly owns 19,071 shares of the company’s stock, valued at $587,577.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.90% of the company’s stock.
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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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