Vectrus, Inc. (NYSE:VEC) issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01, Briefing.com reports. 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 analyst estimates of $275 million. During the same period last year, the company earned $0.55 earnings per share. Vectrus’s quarterly revenue was down 15.8% compared to the same quarter last year. Vectrus updated its FY17 guidance to $1.68-2.00 EPS.
Vectrus (VEC) traded up 1.33% during trading on Friday, hitting $29.00. The stock had a trading volume of 83,815 shares. The stock’s 50 day moving average price is $32.64 and its 200 day moving average price is $27.41. The firm has a market cap of $321.18 million, a P/E ratio of 13.87 and a beta of 2.17. Vectrus has a 12-month low of $12.50 and a 12-month high of $35.58.
WARNING: This piece was reported by Rincon Hill News and is the sole property of of Rincon Hill News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://rinconhillneighbors.org/2017/08/19/vectrus-inc-nysevec-posts-quarterly-earnings-results-beats-expectations-by-0-01-eps-updated.html.
In other Vectrus news, insider Charles Prow purchased 1,000 shares of Vectrus stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $29.62 per share, with a total value of $29,620.00. Following the purchase, the insider now directly owns 1,000 shares in the company, valued at approximately $29,620. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Francis Peloso sold 17,159 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $30.81, for a total value of $528,668.79. Following the transaction, the senior vice president now directly owns 19,071 shares in the company, valued at approximately $587,577.51. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.
VEC has been the topic of several research analyst reports. Drexel Hamilton raised Vectrus from a “hold” rating to a “buy” rating in a report on Wednesday, May 10th. TheStreet raised Vectrus from a “d+” rating to a “c” rating in a report on Wednesday, May 10th. BidaskClub lowered Vectrus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, ValuEngine lowered Vectrus from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Vectrus presently has a consensus rating of “Hold” and an average target price of $24.50.
Vectrus Company Profile
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.
Receive News & Ratings for Vectrus Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vectrus Inc. and related companies with our FREE daily email newsletter.