Analysts expect Virtusa Co. (NASDAQ:VRTU) to post $317.38 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Virtusa’s earnings, with the highest sales estimate coming in at $318.03 million and the lowest estimate coming in at $317.00 million. Virtusa reported sales of $300.03 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The company is expected to issue its next earnings results on Wednesday, August 14th.

On average, analysts expect that Virtusa will report full-year sales of $1.37 billion for the current year, with estimates ranging from $1.36 billion to $1.38 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.52 billion, with estimates ranging from $1.50 billion to $1.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Virtusa.

Virtusa (NASDAQ:VRTU) last released its quarterly earnings data on Wednesday, May 15th. The information technology services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.06). Virtusa had a net margin of 1.29% and a return on equity of 11.81%. The business had revenue of $327.60 million for the quarter, compared to the consensus estimate of $330.91 million. During the same quarter last year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis.

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Prothena in a report on Thursday, May 16th. Barrington Research set a $5.00 price objective on U.S. Auto Parts Network and gave the company a “buy” rating in a report on Friday, May 10th. Wedbush reiterated a “hold” rating and set a $1.00 price objective on shares of Regulus Therapeutics in a report on Thursday, May 16th. Zacks Investment Research cut Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Finally, ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Virtusa currently has an average rating of “Buy” and an average target price of $56.83.

Shares of NASDAQ:VRTU traded up $1.29 during trading on Friday, hitting $44.36. 149,112 shares of the company’s stock traded hands, compared to its average volume of 136,598. Virtusa has a 52 week low of $37.80 and a 52 week high of $58.60. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.34 billion, a P/E ratio of 30.38, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. The firm has a 50-day simple moving average of $43.61.

In related news, Director Joseph Doody purchased 5,000 shares of the stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $42.50 per share, with a total value of $212,500.00. Following the transaction, the director now directly owns 14,684 shares of the company’s stock, valued at $624,070. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kris A. Canekeratne sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $54.97, for a total value of $412,275.00. The disclosure for this sale can be found here. In the last three months, insiders sold 38,500 shares of company stock worth $1,956,585. 5.11% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of VRTU. Comerica Bank increased its position in shares of Virtusa by 1.3% during the 4th quarter. Comerica Bank now owns 26,844 shares of the information technology services provider’s stock worth $1,283,000 after purchasing an additional 337 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of Virtusa during the 4th quarter worth approximately $446,000. Prudential Financial Inc. increased its position in shares of Virtusa by 33.9% during the 4th quarter. Prudential Financial Inc. now owns 196,742 shares of the information technology services provider’s stock worth $8,379,000 after purchasing an additional 49,844 shares during the last quarter. First Trust Advisors LP increased its position in shares of Virtusa by 879.0% during the 4th quarter. First Trust Advisors LP now owns 80,036 shares of the information technology services provider’s stock worth $3,409,000 after purchasing an additional 71,861 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Virtusa by 9.2% during the 4th quarter. New York State Common Retirement Fund now owns 80,221 shares of the information technology services provider’s stock worth $3,417,000 after purchasing an additional 6,783 shares during the last quarter. 87.73% of the stock is currently owned by hedge funds and other institutional investors.

Virtusa Company Profile

Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.

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Earnings History and Estimates for Virtusa (NASDAQ:VRTU)

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