Vectrus, Inc. (VEC) Announces Earnings Results
Vectrus, Inc. (NYSE:VEC) released its quarterly earnings data on Tuesday. The business services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01, Briefing.com reports. The business had revenue of $259.30 million during the quarter, compared to analyst estimates of $275 million. Vectrus had a net margin of 2.03% and a return on equity of 20.74%. Vectrus’s revenue was down 15.8% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. Vectrus updated its FY17 guidance to $1.68-2.00 EPS.
Shares of Vectrus (NYSE:VEC) traded down 22.61% during mid-day trading on Wednesday, hitting $25.77. 380,761 shares of the stock were exchanged. The stock’s 50 day moving average is $33.09 and its 200-day moving average is $26.97. The stock has a market cap of $282.03 million, a PE ratio of 11.98 and a beta of 2.17. Vectrus has a 12 month low of $12.50 and a 12 month high of $35.58.
VEC has been the subject of a number of analyst reports. Drexel Hamilton upgraded shares of Vectrus from a “hold” rating to a “buy” rating in a research note on Wednesday, May 10th. TheStreet upgraded shares of Vectrus from a “d+” rating to a “c” rating in a research note on Wednesday, May 10th. Finally, BidaskClub downgraded shares of Vectrus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.50.
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In other news, SVP Francis Peloso sold 6,172 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $30.85, for a total transaction of $190,406.20. Following the transaction, the senior vice president now owns 19,071 shares in the company, valued at $588,340.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.
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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