Brokerages Anticipate Vectrus Inc (VEC) to Announce $0.76 Earnings Per Share

Wall Street brokerages expect Vectrus Inc (NYSE:VEC) to report $0.76 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Vectrus’ earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.73. Vectrus posted earnings per share of $0.49 in the same quarter last year, which suggests a positive year-over-year growth rate of 55.1%. The firm is expected to report its next earnings results on Tuesday, August 14th.

According to Zacks, analysts expect that Vectrus will report full-year earnings of $3.00 per share for the current financial year, with EPS estimates ranging from $2.85 to $3.15. For the next year, analysts expect that the firm will post earnings of $3.56 per share, with EPS estimates ranging from $3.37 to $3.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Vectrus.

Vectrus (NYSE:VEC) last posted its quarterly earnings results on Tuesday, May 8th. The business services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The company had revenue of $320.52 million for the quarter, compared to analysts’ expectations of $309.29 million. Vectrus had a return on equity of 15.21% and a net margin of 5.15%.



VEC has been the subject of a number of analyst reports. Zacks Investment Research raised Vectrus from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Friday, May 11th. ValuEngine cut Vectrus from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Vectrus currently has an average rating of “Hold” and an average price target of $34.50.

In related news, Director Phillip Widman bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were acquired at an average cost of $31.21 per share, for a total transaction of $312,100.00. Following the acquisition, the director now owns 11,002 shares in the company, valued at approximately $343,372.42. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen L. Waechter bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were bought at an average price of $30.97 per share, for a total transaction of $61,940.00. Following the completion of the acquisition, the director now owns 16,002 shares in the company, valued at approximately $495,581.94. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 21,000 shares of company stock worth $647,515. Corporate insiders own 2.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of VEC. Mackay Shields LLC bought a new stake in shares of Vectrus in the 1st quarter worth approximately $3,457,000. Millennium Management LLC grew its holdings in shares of Vectrus by 228.9% in the 1st quarter. Millennium Management LLC now owns 113,714 shares of the business services provider’s stock worth $4,235,000 after acquiring an additional 79,141 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Vectrus by 7.0% in the 1st quarter. BlackRock Inc. now owns 791,531 shares of the business services provider’s stock worth $29,476,000 after acquiring an additional 51,885 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Vectrus in the 1st quarter worth $873,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Vectrus by 21.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 85,837 shares of the business services provider’s stock worth $3,197,000 after acquiring an additional 15,437 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

NYSE VEC traded down $0.54 during trading on Friday, hitting $30.95. The stock had a trading volume of 62,096 shares, compared to its average volume of 93,148. The company has a market cap of $353.79 million, a P/E ratio of 14.34 and a beta of 1.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.31 and a quick ratio of 1.31. Vectrus has a twelve month low of $25.17 and a twelve month high of $41.48.

Vectrus Company Profile

Vectrus, Inc provides facility and logistics, and information technology and network communication services to the U.S. government worldwide. It 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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