Vectrus (NYSE:VEC) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.06-3.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.30. The company issued revenue guidance of $1.37-1.39 billion, compared to the consensus revenue estimate of $1.32 billion.
NYSE:VEC traded down $1.01 during trading hours on Friday, reaching $42.46. 70,684 shares of the stock were exchanged, compared to its average volume of 89,764. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a 50-day simple moving average of $40.88. Vectrus has a twelve month low of $19.61 and a twelve month high of $46.51. The stock has a market cap of $432.48 million, a P/E ratio of 14.44 and a beta of 1.83.
Vectrus (NYSE:VEC) last released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Vectrus had a return on equity of 15.70% and a net margin of 2.68%. The company had revenue of $331.59 million for the quarter, compared to analysts’ expectations of $325.80 million. As a group, analysts forecast that Vectrus will post 3.18 earnings per share for the current fiscal year.
VEC has been the topic of several analyst reports. TheStreet upgraded Vectrus from a c+ rating to a b rating in a research note on Monday, April 15th. Zacks Investment Research downgraded shares of Vectrus from a buy rating to a hold rating in a research report on Friday. B. Riley initiated coverage on shares of Vectrus in a research report on Tuesday, June 25th. They issued a buy rating and a $49.00 target price for the company. Drexel Hamilton raised shares of Vectrus from a hold rating to a buy rating and set a $45.00 target price for the company in a research report on Tuesday, April 16th. Finally, Noble Financial reissued a hold rating on shares of Vectrus in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $46.33.
Vectrus Company Profile
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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