Vectrus Inc (VEC) Expected to Announce Quarterly Sales of $320.18 Million
Wall Street analysts expect Vectrus Inc (NYSE:VEC) to report $320.18 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Vectrus’ earnings. The highest sales estimate is $320.35 million and the lowest is $320.00 million. Vectrus reported sales of $295.80 million in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The firm is scheduled to report its next earnings report on Thursday, March 7th.
According to Zacks, analysts expect that Vectrus will report full-year sales of $1.27 billion for the current fiscal year. For the next financial year, analysts anticipate that the business will report sales of $1.31 billion, with estimates ranging from $1.29 billion to $1.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Vectrus.
Vectrus (NYSE:VEC) last announced its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. Vectrus had a return on equity of 16.74% and a net margin of 5.36%. The firm had revenue of $308.10 million for the quarter, compared to analyst estimates of $310.47 million.
Shares of VEC stock opened at $22.90 on Thursday. Vectrus has a 12 month low of $22.75 and a 12 month high of $41.48. The stock has a market cap of $272.86 million, a PE ratio of 10.55 and a beta of 1.56. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33.
In related news, Director Eric M. Pillmore acquired 1,000 shares of the stock in a transaction dated Monday, October 8th. The stock was bought at an average cost of $29.88 per share, for a total transaction of $29,880.00. Following the completion of the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at $388,499.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen L. Waechter acquired 2,000 shares of the stock in a transaction dated Friday, November 9th. The shares were bought at an average price of $25.50 per share, with a total value of $51,000.00. Following the completion of the transaction, the director now directly owns 11,752 shares of the company’s stock, valued at $299,676. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 5,250 shares of company stock valued at $137,983 and have sold 4,125 shares valued at $116,064. 2.80% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley increased its holdings in Vectrus by 10.3% in the third quarter. Morgan Stanley now owns 48,695 shares of the business services provider’s stock worth $1,517,000 after purchasing an additional 4,551 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Vectrus by 7.6% in the third quarter. TIAA CREF Investment Management LLC now owns 150,386 shares of the business services provider’s stock worth $4,691,000 after purchasing an additional 10,648 shares in the last quarter. AQR Capital Management LLC increased its holdings in Vectrus by 4.2% in the third quarter. AQR Capital Management LLC now owns 563,082 shares of the business services provider’s stock worth $17,563,000 after purchasing an additional 22,885 shares in the last quarter. IndexIQ Advisors LLC increased its holdings in Vectrus by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 61,043 shares of the business services provider’s stock worth $1,904,000 after purchasing an additional 2,306 shares in the last quarter. Finally, MetLife Investment Advisors LLC increased its holdings in Vectrus by 56.2% in the third quarter. MetLife Investment Advisors LLC now owns 8,819 shares of the business services provider’s stock worth $275,000 after purchasing an additional 3,172 shares in the last quarter. Institutional investors own 87.25% of the company’s stock.
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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