Vectrus (NYSE:VEC) Announces Earnings Results, Misses Expectations By $0.02 EPS
Vectrus (NYSE:VEC) announced its earnings results on Tuesday. The business services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02), Fidelity Earnings reports. The company had revenue of $359.85 million during the quarter, compared to analysts’ expectations of $349.34 million. Vectrus had a net margin of 2.54% and a return on equity of 15.05%.
Shares of VEC stock traded up $0.87 during trading hours on Friday, hitting $53.15. 180,647 shares of the company’s stock were exchanged, compared to its average volume of 83,369. The company has a market capitalization of $534.12 million, a PE ratio of 18.08 and a beta of 1.79. Vectrus has a 12-month low of $19.61 and a 12-month high of $53.59. The business’s 50 day simple moving average is $43.36 and its 200-day simple moving average is $40.67. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.28.
VEC has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Vectrus from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Vectrus from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Peel Hunt reaffirmed a “hold” rating on shares of Vectrus in a research note on Tuesday, October 29th. B. Riley lifted their price target on shares of Vectrus from $49.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Noble Financial reissued a “hold” rating on shares of Vectrus in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $48.33.
Vectrus, Inc provides facility and logistics, and information technology and network communication services to the U.S. government worldwide. The company 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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