Analysts Anticipate Vectrus Inc (VEC) Will Announce Quarterly Sales of $325.40 Million
Equities research analysts expect Vectrus Inc (NYSE:VEC) to post sales of $325.40 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Vectrus’ earnings. The highest sales estimate is $328.20 million and the lowest is $323.00 million. Vectrus posted sales of $321.13 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The firm is scheduled to announce its next earnings report on Tuesday, August 6th.
On average, analysts expect that Vectrus will report full year sales of $1.32 billion for the current year, with estimates ranging from $1.31 billion to $1.33 billion. For the next financial year, analysts anticipate that the business will report sales of $1.47 billion, with estimates ranging from $1.44 billion to $1.54 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Vectrus.
Vectrus (NYSE:VEC) last announced its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Vectrus had a return on equity of 16.53% and a net margin of 2.82%. The firm had revenue of $325.93 million during the quarter, compared to analysts’ expectations of $325.75 million.
Shares of NYSE VEC opened at $37.26 on Thursday. Vectrus has a twelve month low of $19.61 and a twelve month high of $42.24. The company has a market capitalization of $431.34 million, a P/E ratio of 12.67 and a beta of 1.80. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.30.
In other news, Director Melvin Parker sold 1,375 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $28.09, for a total value of $38,623.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of VEC. BlackRock Inc. boosted its holdings in Vectrus by 2.0% in the 3rd quarter. BlackRock Inc. now owns 898,160 shares of the business services provider’s stock worth $28,013,000 after buying an additional 17,656 shares during the period. JPMorgan Chase & Co. boosted its holdings in Vectrus by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 536,438 shares of the business services provider’s stock worth $16,732,000 after buying an additional 11,689 shares during the period. MetLife Investment Advisors LLC boosted its holdings in Vectrus by 56.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 8,819 shares of the business services provider’s stock worth $275,000 after buying an additional 3,172 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Vectrus by 7.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 150,386 shares of the business services provider’s stock worth $4,691,000 after buying an additional 10,648 shares during the period. Finally, Morgan Stanley boosted its holdings in Vectrus by 10.3% in the 3rd quarter. Morgan Stanley now owns 48,695 shares of the business services provider’s stock worth $1,517,000 after buying an additional 4,551 shares during the period. Hedge funds and other institutional investors own 86.75% of the company’s stock.
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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