Vectrus, Inc. (NYSE:VEC) Expected to Announce Earnings of $0.82 Per Share

Brokerages forecast that Vectrus, Inc. (NYSE:VEC – Get Rating) will report earnings per share of $0.82 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Vectrus’ earnings, with estimates ranging from $0.60 to $0.98. Vectrus posted earnings of $1.20 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 31.7%. The business is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Vectrus will report full year earnings of $4.52 per share for the current fiscal year, with EPS estimates ranging from $4.07 to $4.79. For the next fiscal year, analysts forecast that the business will post earnings of $5.17 per share, with EPS estimates ranging from $5.14 to $5.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Vectrus.

Vectrus (NYSE:VEC – Get Rating) last issued its earnings results on Monday, March 7th. The business services provider reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.23). The firm had revenue of $419.41 million during the quarter, compared to analyst estimates of $415.00 million. Vectrus had a net margin of 2.56% and a return on equity of 16.89%.

VEC has been the subject of a number of analyst reports. Zacks Investment Research downgraded Vectrus from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 12th. Stifel Nicolaus began coverage on shares of Vectrus in a research report on Thursday, March 17th. They set a “hold” rating and a $42.00 target price on the stock. StockNews.com began coverage on shares of Vectrus in a research report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet cut shares of Vectrus from a “b-” rating to a “c+” rating in a research report on Monday, April 4th. Finally, Truist Financial began coverage on shares of Vectrus in a research report on Friday, April 1st. They set a “buy” rating and a $65.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vectrus has an average rating of “Hold” and a consensus target price of $56.50.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Vectrus by 3.3% in the 4th quarter. BlackRock Inc. now owns 960,517 shares of the business services provider’s stock valued at $43,963,000 after buying an additional 30,946 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Vectrus by 9.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 683,375 shares of the business services provider’s stock valued at $34,358,000 after buying an additional 60,561 shares in the last quarter. Polar Asset Management Partners Inc. grew its stake in Vectrus by 52.5% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 572,915 shares of the business services provider’s stock valued at $28,806,000 after buying an additional 197,215 shares in the last quarter. Royce & Associates LP grew its stake in Vectrus by 2.6% in the 4th quarter. Royce & Associates LP now owns 521,486 shares of the business services provider’s stock valued at $23,868,000 after buying an additional 13,417 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in Vectrus by 0.6% in the 4th quarter. Brown Advisory Inc. now owns 325,565 shares of the business services provider’s stock valued at $14,901,000 after buying an additional 1,851 shares in the last quarter. 93.51% of the stock is currently owned by institutional investors.

VEC stock opened at $36.81 on Monday. The company has a market capitalization of $432.11 million, a P/E ratio of 9.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.18 and a current ratio of 1.18. Vectrus has a 52-week low of $33.65 and a 52-week high of $55.24. The business has a 50-day simple moving average of $38.29 and a two-hundred day simple moving average of $43.38.

About Vectrus (Get Rating)

Vectrus, Inc provides facility and base operations, supply chain and logistics, information technology mission support, and engineering and digital integration services. It offers facility and base operations services, such as facilities operations and maintenance, security, base life support, facilities engineering and management, airfield management, civil engineering, public works, transportation operations, and emergency services.

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