Vectrus (NYSE:VEC) Updates FY 2022 Earnings Guidance

Vectrus (NYSE:VECGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $4.57-$4.93 for the period, compared to the consensus EPS estimate of $4.52. The company issued revenue guidance of $1.82 billion-$1.86 billion, compared to the consensus revenue estimate of $1.85 billion.

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

VEC opened at $34.62 on Tuesday. The business’s 50-day moving average is $36.66 and its two-hundred day moving average is $42.02. Vectrus has a 1 year low of $32.19 and a 1 year high of $55.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $409.45 million, a PE ratio of 11.20 and a beta of 1.12.

Vectrus (NYSE:VECGet Rating) last posted its earnings results on Monday, March 7th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.23). The company had revenue of $419.41 million during the quarter, compared to analysts’ expectations of $415.00 million. Vectrus had a net margin of 2.02% and a return on equity of 15.76%. As a group, sell-side analysts expect that Vectrus will post 4.71 EPS for the current year.

In other news, Director Stephen L. Waechter bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average price of $34.84 per share, with a total value of $69,680.00. Following the completion of the acquisition, the director now directly owns 33,579 shares of the company’s stock, valued at approximately $1,169,892.36. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kevin T. Boyle bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were purchased at an average cost of $34.38 per share, with a total value of $34,380.00. Following the acquisition, the senior vice president now directly owns 10,332 shares of the company’s stock, valued at $355,214.16. The disclosure for this purchase can be found here. In the last three months, insiders acquired 3,950 shares of company stock valued at $136,364. Corporate insiders own 3.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new position in Vectrus in the fourth quarter valued at approximately $47,000. US Bancorp DE lifted its holdings in Vectrus by 113.1% in the first quarter. US Bancorp DE now owns 1,234 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 655 shares during the period. UBS Group AG lifted its holdings in Vectrus by 104.6% in the third quarter. UBS Group AG now owns 1,753 shares of the business services provider’s stock valued at $88,000 after acquiring an additional 896 shares during the period. Quantbot Technologies LP lifted its holdings in Vectrus by 675.0% in the first quarter. Quantbot Technologies LP now owns 3,379 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 2,943 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in Vectrus in the fourth quarter valued at approximately $200,000. 93.51% of the stock is owned by hedge funds and other institutional investors.

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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