Vectrus (NYSE:VEC) issued its earnings results on Tuesday. The business services provider reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.02), Fidelity Earnings reports. The company had revenue of $359.85 million for the quarter, compared to the consensus estimate of $349.34 million. Vectrus had a return on equity of 15.05% and a net margin of 2.54%.
VEC traded up $0.87 during trading on Friday, hitting $53.15. 180,647 shares of the company’s stock were exchanged, compared to its average volume of 83,369. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $43.36 and its two-hundred day moving average is $40.67. Vectrus has a fifty-two week low of $19.61 and a fifty-two week high of $53.59. The stock has a market cap of $534.12 million, a P/E ratio of 18.08 and a beta of 1.79.
In other news, Director William F. Murdy sold 1,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $41.43, for a total value of $41,430.00. Following the completion of the sale, the director now owns 15,671 shares in the company, valued at $649,249.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.40% of the company’s stock.
Several research analysts recently issued reports on VEC shares. Citigroup reissued a “buy” rating on shares of Vectrus in a research note on Wednesday. ValuEngine lowered shares of Vectrus from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Peel Hunt reissued a “hold” rating on shares of Vectrus in a research note on Tuesday, October 29th. Zacks Investment Research downgraded shares of Vectrus from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Noble Financial restated a “hold” rating on shares of Vectrus in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $48.33.
Vectrus, Inc provides facility and logistics, and information technology and network communication services to the U.S. government worldwide. The company offers facility and logistics services, such as airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations, warehouse management and distribution, and equipment maintenance, repair, and services for U.S.
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