Equities analysts expect that Virtusa Co. (NASDAQ:VRTU) will announce $278.94 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Virtusa’s earnings, with the highest sales estimate coming in at $282.00 million and the lowest estimate coming in at $276.80 million. Virtusa posted sales of $225.96 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.4%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, May 15th.

According to Zacks, analysts expect that Virtusa will report full-year sales of $1.02 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report sales of $1.17 billion per share, with estimates ranging from $1.12 billion to $1.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Virtusa.

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Virtusa (NASDAQ:VRTU) last announced its earnings results on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Virtusa had a return on equity of 4.93% and a net margin of 0.92%. The company had revenue of $263.80 million for the quarter, compared to analyst estimates of $259.81 million. During the same period in the prior year, the company posted $0.37 EPS. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Virtusa from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub lowered Virtusa from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Needham & Company LLC raised Virtusa from a “buy” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, April 10th. Barrington Research set a $55.00 price objective on Virtusa and gave the company a “buy” rating in a report on Tuesday, March 13th. Finally, Maxim Group set a $59.00 price objective on Virtusa and gave the company a “buy” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $57.88.

Shares of NASDAQ:VRTU opened at $48.37 on Tuesday. Virtusa has a 1 year low of $25.72 and a 1 year high of $52.88. The stock has a market cap of $1,382.31, a P/E ratio of 72.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.27. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.23.

In other news, CEO Kris A. Canekeratne sold 12,000 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $47.70, for a total value of $572,400.00. Following the transaction, the chief executive officer now directly owns 541,491 shares of the company’s stock, valued at $25,829,120.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Rajgopal sold 41,108 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $49.36, for a total value of $2,029,090.88. Following the completion of the transaction, the insider now directly owns 86,661 shares in the company, valued at $4,277,586.96. The disclosure for this sale can be found here. Insiders sold 149,027 shares of company stock worth $7,354,717 over the last three months. Corporate insiders own 5.96% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in Virtusa during the fourth quarter worth about $143,000. LS Investment Advisors LLC grew its holdings in Virtusa by 359.5% during the fourth quarter. LS Investment Advisors LLC now owns 4,411 shares of the information technology services provider’s stock worth $194,000 after acquiring an additional 3,451 shares during the period. Two Sigma Advisers LP acquired a new stake in Virtusa during the fourth quarter worth about $239,000. Piedmont Investment Advisors LLC acquired a new stake in Virtusa during the third quarter worth about $224,000. Finally, Invictus RG acquired a new stake in Virtusa during the fourth quarter worth about $263,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

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About Virtusa

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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Earnings History and Estimates for Virtusa (NASDAQ:VRTU)

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