Zacks: Brokerages Expect Vectrus, Inc. (VEC) Will Post Earnings of $0.40 Per Share
Equities research analysts forecast that Vectrus, Inc. (NYSE:VEC) will report earnings of $0.40 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Vectrus’ earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.40. Vectrus reported earnings per share of $0.21 during the same quarter last year, which would indicate a positive year-over-year growth rate of 90.5%. The firm is expected to issue its next quarterly earnings results on Wednesday, March 7th.
On average, analysts expect that Vectrus will report full year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.00. For the next financial year, analysts forecast that the firm will report earnings of $2.12 per share, with EPS estimates ranging from $2.10 to $2.13. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Vectrus.
Vectrus (NYSE:VEC) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The business had revenue of $269.60 million for the quarter, compared to the consensus estimate of $247.50 million. Vectrus had a net margin of 2.02% and a return on equity of 17.25%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Vectrus from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Wednesday, October 18th. Stifel Nicolaus restated a “hold” rating and set a $37.00 target price on shares of Vectrus in a research report on Tuesday, November 21st. TheStreet upgraded shares of Vectrus from a “c” rating to a “b-” rating in a research report on Monday, November 27th. Finally, ValuEngine upgraded shares of Vectrus from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Vectrus currently has an average rating of “Buy” and an average target price of $37.00.
Shares of Vectrus (VEC) traded up $1.00 during midday trading on Wednesday, reaching $32.65. 112,303 shares of the company traded hands, compared to its average volume of 59,195. The firm has a market cap of $351.77, a P/E ratio of 17.49 and a beta of 2.17. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. Vectrus has a 1-year low of $20.73 and a 1-year high of $35.58.
Vectrus Company Profile
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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