Somewhat Favorable News Coverage Somewhat Unlikely to Impact Vectrus (VEC) Stock Price
Media stories about Vectrus (NYSE:VEC) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vectrus earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 45.5551151529911 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Vectrus (NYSE:VEC) traded up 1.51% during midday trading on Friday, hitting $29.57. 54,115 shares of the stock were exchanged. Vectrus has a one year low of $12.50 and a one year high of $35.58. The stock’s 50-day moving average price is $29.37 and its 200 day moving average price is $28.31. The stock has a market cap of $327.49 million, a P/E ratio of 14.14 and a beta of 2.20.
Vectrus (NYSE:VEC) last issued its earnings results on Tuesday, August 8th. The business services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $259.30 million for the quarter, compared to the consensus estimate of $275.00 million. Vectrus had a return on equity of 18.96% and a net margin of 2.06%. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. On average, analysts anticipate that Vectrus will post $1.89 earnings per share for the current year.
A number of brokerages have recently commented on VEC. ValuEngine downgraded shares of Vectrus from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. BidaskClub downgraded shares of Vectrus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.50.
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In other Vectrus news, insider Charles Prow bought 1,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $29.62 per share, for a total transaction of $29,620.00. Following the acquisition, the insider now directly owns 1,000 shares of the company’s stock, valued at $29,620. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.90% of the stock is owned by corporate insiders.
Vectrus, Inc is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations.
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