Vectrus (VEC) Receiving Somewhat Favorable News Coverage, Analysis Shows
Press coverage about Vectrus (NYSE:VEC) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Vectrus earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.2333382382419 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Vectrus : Noble Capital Markets Initiates Research Coverage on Vectrus Inc. (VEC) (4-traders.com)
- Vectrus Systems Corp Awarded Qatar Base Operations Support Contract – DoD Daily Contracts (news.clearancejobs.com)
- Vectrus, Inc. (VEC) Insider Charles Prow Purchases 1,000 Shares (americanbankingnews.com)
- Vectrus announces Q2 2017 results (financial-news.co.uk)
VEC has been the subject of a number of recent analyst reports. Drexel Hamilton upgraded Vectrus from a “hold” rating to a “buy” rating in a research note on Wednesday, May 10th. BidaskClub downgraded Vectrus from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. TheStreet upgraded Vectrus from a “d+” rating to a “c” rating in a research note on Wednesday, May 10th. Finally, ValuEngine downgraded Vectrus from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.50.
Vectrus (NYSE:VEC) traded up 1.33% on Friday, hitting $29.00. The stock had a trading volume of 83,815 shares. Vectrus has a 52 week low of $12.50 and a 52 week high of $35.58. The company has a market capitalization of $321.18 million, a price-to-earnings ratio of 13.87 and a beta of 2.17. The firm has a 50-day moving average of $32.64 and a 200 day moving average of $27.41.
Vectrus (NYSE:VEC) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Vectrus had a return on equity of 18.96% and a net margin of 2.06%. The company had revenue of $259.30 million for the quarter, compared to analysts’ expectations of $275 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Vectrus’s revenue was down 15.8% compared to the same quarter last year. On average, analysts predict that Vectrus will post $1.84 earnings per share for the current year.
In related news, insider Charles Prow bought 1,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of $29.62 per share, with a total value of $29,620.00. Following the transaction, the insider now owns 1,000 shares of the company’s stock, valued at $29,620. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Francis Peloso sold 6,172 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 19,071 shares in the company, valued at approximately $588,340.35. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate 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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