Virtusa Co. (VRTU) Expected to Post Earnings of $0.55 Per Share

Equities research analysts expect that Virtusa Co. (NASDAQ:VRTU) will post $0.55 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have issued estimates for Virtusa’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.55. Virtusa reported earnings per share of $0.43 in the same quarter last year, which would suggest a positive year over year growth rate of 27.9%. The company is scheduled to announce its next earnings report on Tuesday, May 15th.

On average, analysts expect that Virtusa will report full-year earnings of $1.62 per share for the current year, with EPS estimates ranging from $1.62 to $1.64. For the next financial year, analysts expect that the business will post earnings of $2.19 per share, with EPS estimates ranging from $2.08 to $2.37. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Virtusa.

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

A number of brokerages have weighed in on VRTU. BidaskClub raised shares of Virtusa from a “hold” rating to a “buy” rating in a report on Wednesday. Wedbush raised shares of Virtusa from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 4th. Zacks Investment Research raised shares of Virtusa from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Thursday, January 25th. Barrington Research increased their price target on shares of Virtusa from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Finally, SunTrust Banks downgraded shares of Virtusa from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Virtusa currently has a consensus rating of “Buy” and an average price target of $57.88.

Virtusa stock traded down $0.17 during mid-day trading on Friday, reaching $47.73. The company had a trading volume of 157,505 shares, compared to its average volume of 233,095. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.24 and a quick ratio of 4.24. Virtusa has a 52 week low of $25.72 and a 52 week high of $52.88. The company has a market cap of $1,404.69, a PE ratio of 71.24, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27.

In other news, insider Raj Rajgopal sold 4,025 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $47.53, for a total transaction of $191,308.25. Following the completion of the transaction, the insider now directly owns 98,576 shares of the company’s stock, valued at approximately $4,685,317.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kris A. Canekeratne sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $47.42, for a total transaction of $142,260.00. Following the transaction, the chief executive officer now directly owns 485,827 shares of the company’s stock, valued at $23,037,916.34. The disclosure for this sale can be found here. Insiders have sold a total of 137,027 shares of company stock valued at $6,782,317 over the last ninety days. 5.96% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new position in shares of Virtusa during the 4th quarter worth about $143,000. LS Investment Advisors LLC lifted its holdings in shares of Virtusa by 359.5% during the 4th 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 shares of Virtusa during the 4th quarter worth about $239,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Virtusa during the 3rd quarter worth about $224,000. Finally, Invictus RG acquired a new stake in shares of Virtusa during the 4th quarter worth about $263,000. 86.74% of the stock is owned by 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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