Vectrus (NYSE:VEC) Updates FY 2021 Earnings Guidance

Vectrus (NYSE:VEC) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.550-4.850 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.900. The company issued revenue guidance of $1.68 billion-1.72 billion, compared to the consensus revenue estimate of $1.69 billion.

Vectrus stock opened at $49.57 on Friday. The firm has a 50 day moving average price of $51.60. Vectrus has a 1 year low of $36.83 and a 1 year high of $60.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $581.01 million, a P/E ratio of 14.54 and a beta of 1.47.

Vectrus (NYSE:VEC) last released its earnings results on Tuesday, May 11th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.46. The business had revenue of $434.00 million during the quarter, compared to the consensus estimate of $376.95 million. Vectrus had a net margin of 2.73% and a return on equity of 16.30%. As a group, equities research analysts predict that Vectrus will post 4.76 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of Vectrus from a hold rating to a buy rating and set a $58.00 target price for the company in a research report on Friday, May 21st.

Vectrus Company Profile

Vectrus, Inc provides facility and base operations, supply chain and logistics, information technology mission support, and engineering and digital integration services. It offers facility and base operations services, such as facilities operations and maintenance, base life support, facilities engineering and management, airfield management, civil engineering, public works, transportation operations, and emergency services.

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