Vectrus Inc (VEC) Expected to Post Earnings of $0.78 Per Share

Wall Street brokerages predict that Vectrus Inc (NYSE:VEC) will announce earnings per share of $0.78 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Vectrus’ earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.55. Vectrus reported earnings per share of $0.57 during the same quarter last year, which suggests a positive year over year growth rate of 36.8%. The firm is scheduled to issue its next earnings report on Thursday, March 7th.

On average, analysts expect that Vectrus will report full year earnings of $3.12 per share for the current year, with EPS estimates ranging from $3.08 to $3.15. For the next financial year, analysts forecast that the business will report earnings of $3.41 per share, with EPS estimates ranging from $3.21 to $3.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Vectrus.

A number of research firms have commented on VEC. ValuEngine raised Vectrus from a “strong sell” rating to a “sell” rating in a report on Saturday, February 2nd. Zacks Investment Research raised Vectrus from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. TheStreet lowered Vectrus from a “b-” rating to a “c+” rating in a report on Friday, December 14th. Finally, Drexel Hamilton reissued a “hold” rating on shares of Vectrus in a report on Monday, November 12th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $41.00.

Shares of Vectrus stock traded up $0.14 on Monday, reaching $25.28. The company’s stock had a trading volume of 34,700 shares, compared to its average volume of 49,636. The firm has a market cap of $283.10 million, a price-to-earnings ratio of 11.65 and a beta of 1.56. Vectrus has a 52 week low of $19.61 and a 52 week high of $41.48. 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 other Vectrus news, Director Eric M. Pillmore bought 2,959 shares of Vectrus stock in a transaction on Wednesday, January 2nd. The stock was acquired at an average price of $22.03 per share, with a total value of $65,186.77. Following the acquisition, the director now owns 17,961 shares in the company, valued at $395,680.83. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Melvin Parker sold 1,375 shares of Vectrus stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $23.57, for a total value of $32,408.75. Following the completion of the sale, the director now directly owns 2,750 shares of the company’s stock, valued at approximately $64,817.50. The disclosure for this sale can be found here. In the last three months, insiders acquired 10,934 shares of company stock valued at $247,770 and sold 4,125 shares valued at $95,150. 2.80% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Vectrus by 6.0% in the 4th quarter. Bank of New York Mellon Corp now owns 93,874 shares of the business services provider’s stock worth $2,026,000 after buying an additional 5,350 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of Vectrus by 29.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 10,511 shares of the business services provider’s stock worth $251,000 after buying an additional 2,362 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Vectrus by 121.1% in the 4th quarter. New York State Common Retirement Fund now owns 27,855 shares of the business services provider’s stock worth $601,000 after buying an additional 15,255 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Vectrus by 4.7% in the 4th quarter. California Public Employees Retirement System now owns 29,334 shares of the business services provider’s stock worth $633,000 after buying an additional 1,311 shares during the last quarter. Finally, Seizert Capital Partners LLC boosted its stake in shares of Vectrus by 69.4% in the 4th quarter. Seizert Capital Partners LLC now owns 14,012 shares of the business services provider’s stock worth $302,000 after buying an additional 5,740 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

About Vectrus

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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