Analysts expect that Virtusa Co. (NASDAQ:VRTU) will post earnings per share (EPS) of $0.40 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Virtusa’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.41. Virtusa posted earnings per share of $0.50 during the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The company is expected to announce its next earnings report on Wednesday, August 14th.

On average, analysts expect that Virtusa will report full-year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.64 to $2.70. For the next financial year, analysts expect that the business will post earnings of $3.27 per share, with EPS estimates ranging from $3.18 to $3.34. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Virtusa.

Virtusa (NASDAQ:VRTU) last issued its quarterly earnings results on Wednesday, May 15th. The information technology services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The business had revenue of $327.60 million for the quarter, compared to analyst estimates of $330.91 million. Virtusa had a return on equity of 11.81% and a net margin of 1.29%. Virtusa’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS.

A number of brokerages recently weighed in on VRTU. Wedbush reissued a “hold” rating and set a $1.00 target price on shares of Regulus Therapeutics in a research note on Thursday, May 16th. Zacks Investment Research downgraded shares of Horiba from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Barrington Research set a $5.00 target price on shares of U.S. Auto Parts Network and gave the stock a “buy” rating in a research note on Friday, May 10th. ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Finally, TheStreet downgraded shares of Virtusa from a “b-” rating to a “c+” rating in a research note on Wednesday, May 29th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $56.83.

In related news, Director Joseph Doody purchased 5,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was purchased at an average cost of $42.50 per share, with a total value of $212,500.00. Following the completion of the purchase, the director now owns 14,684 shares in the company, valued at approximately $624,070. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Samir Dhir sold 4,000 shares of Virtusa stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $54.99, for a total transaction of $219,960.00. The disclosure for this sale can be found here. Insiders have sold 38,500 shares of company stock valued at $1,956,585 in the last three months. 5.11% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund increased its stake in Virtusa by 3.8% in the first quarter. Texas Permanent School Fund now owns 18,691 shares of the information technology services provider’s stock valued at $999,000 after purchasing an additional 683 shares in the last quarter. Mason Street Advisors LLC increased its stake in Virtusa by 3.5% in the first quarter. Mason Street Advisors LLC now owns 8,841 shares of the information technology services provider’s stock valued at $473,000 after purchasing an additional 295 shares in the last quarter. New York State Common Retirement Fund increased its stake in Virtusa by 8.2% in the first quarter. New York State Common Retirement Fund now owns 86,762 shares of the information technology services provider’s stock valued at $4,637,000 after purchasing an additional 6,541 shares in the last quarter. Marshall Wace North America L.P. increased its stake in Virtusa by 569.3% in the first quarter. Marshall Wace North America L.P. now owns 9,886 shares of the information technology services provider’s stock valued at $529,000 after purchasing an additional 8,409 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Virtusa by 8.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 999,374 shares of the information technology services provider’s stock valued at $42,563,000 after purchasing an additional 77,337 shares in the last quarter. 87.73% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:VRTU traded down $0.49 during mid-day trading on Thursday, reaching $43.07. 1,865 shares of the company’s stock were exchanged, compared to its average volume of 139,546. Virtusa has a twelve month low of $37.80 and a twelve month high of $58.60. The firm’s fifty day simple moving average is $43.60. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.90.

About Virtusa

Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.

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Earnings History and Estimates for Virtusa (NASDAQ:VRTU)

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