Virtusa (NASDAQ:VRTU) – Stock analysts at SunTrust Banks issued their Q1 2020 earnings estimates for Virtusa in a report released on Wednesday, May 16th. SunTrust Banks analyst F. Atkins forecasts that the information technology services provider will earn $0.33 per share for the quarter. SunTrust Banks has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Virtusa’s Q2 2020 earnings at $0.46 EPS, Q3 2020 earnings at $0.56 EPS and Q4 2020 earnings at $0.60 EPS.

Virtusa (NASDAQ:VRTU) last announced its earnings results on Tuesday, May 15th. The information technology services provider reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. The business had revenue of $281.30 million for the quarter, compared to analyst estimates of $282.44 million. Virtusa had a net margin of 0.12% and a return on equity of 5.94%. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share.

A number of other equities analysts have also issued reports on VRTU. Barrington Research set a $55.00 target price on shares of Virtusa and gave the stock a “buy” rating in a research report on Wednesday. BidaskClub lowered shares of Virtusa from a “buy” rating to a “hold” rating in a research report on Wednesday. Maxim Group reiterated a “hold” rating on shares of Virtusa in a research report on Monday, April 23rd. ValuEngine upgraded shares of Virtusa from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research lowered shares of Virtusa from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Virtusa presently has a consensus rating of “Buy” and a consensus target price of $57.88.

Shares of Virtusa opened at $47.37 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.24 and a current ratio of 2.54. The company has a market cap of $1.40 billion, a PE ratio of 52.34, a price-to-earnings-growth ratio of 1.60 and a beta of 1.29. Virtusa has a 12-month low of $47.22 and a 12-month high of $48.07.

A number of institutional investors have recently added to or reduced their stakes in VRTU. SG Americas Securities LLC acquired a new stake in Virtusa in the first quarter valued at $107,000. Fortis Advisors LLC acquired a new stake in Virtusa in the first quarter valued at $116,000. We Are One Seven LLC acquired a new stake in Virtusa in the fourth quarter valued at $143,000. LS Investment Advisors LLC lifted its holdings in Virtusa by 359.5% in the fourth quarter. LS Investment Advisors LLC now owns 4,411 shares of the information technology services provider’s stock valued at $194,000 after acquiring an additional 3,451 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in Virtusa in the first quarter valued at $209,000. 86.25% of the stock is owned by institutional investors.

In other Virtusa news, insider Raj Rajgopal sold 4,025 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $47.54, for a total value of $191,348.50. Following the completion of the sale, the insider now owns 98,576 shares of the company’s stock, valued at $4,686,303.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Thomas R. Holler sold 17,479 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $50.53, for a total value of $883,213.87. Following the completion of the sale, the executive vice president now directly owns 38,189 shares of the company’s stock, valued at approximately $1,929,690.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 126,002 shares of company stock worth $6,258,319. 5.96% of the stock is currently owned by insiders.

About Virtusa

Virtusa Corporation operates as an information technology (IT) services company. It offers business and IT consulting services comprising advisory/target operating model, business process re-engineering/BPM, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design ASD, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.

Earnings History and Estimates for Virtusa (NASDAQ:VRTU)

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