Vectrus (VEC) Releases Earnings Results, Misses Estimates By $0.06 EPS

Vectrus (NYSE:VEC) announced its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.06), Morningstar.com reports. Vectrus had a net margin of 2.82% and a return on equity of 16.53%. The company had revenue of $325.93 million for the quarter, compared to analyst estimates of $325.75 million.

NYSE VEC opened at $35.73 on Friday. Vectrus has a 1 year low of $19.61 and a 1 year high of $42.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $412.61 million, a price-to-earnings ratio of 11.58 and a beta of 1.80.

VEC has been the topic of a number of analyst reports. TheStreet upgraded shares of Vectrus from a “c+” rating to a “b” rating in a report on Monday, April 15th. ValuEngine raised shares of Vectrus from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of Vectrus from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, May 1st. Drexel Hamilton raised shares of Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, April 16th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Vectrus in a report on Thursday, February 28th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.00.

In other news, Director Melvin Parker sold 1,375 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $26.87, for a total transaction of $36,946.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Marshall Wace North America L.P. raised its position in Vectrus by 1,001.5% in the 1st quarter. Marshall Wace North America L.P. now owns 7,171 shares of the business services provider’s stock worth $191,000 after purchasing an additional 6,520 shares during the period. Marshall Wace LLP raised its position in Vectrus by 13.2% in the 1st quarter. Marshall Wace LLP now owns 149,219 shares of the business services provider’s stock worth $3,968,000 after purchasing an additional 17,372 shares during the period. FMR LLC raised its position in Vectrus by 21.0% in the 1st quarter. FMR LLC now owns 203,071 shares of the business services provider’s stock worth $5,400,000 after purchasing an additional 35,248 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in Vectrus by 26.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 221,560 shares of the business services provider’s stock worth $5,891,000 after purchasing an additional 46,410 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Vectrus by 561.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,117 shares of the business services provider’s stock worth $110,000 after purchasing an additional 3,495 shares during the period. Hedge funds and other institutional investors own 87.16% of the company’s stock.

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About Vectrus

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.

See Also: Preferred Stock

Earnings History for Vectrus (NYSE:VEC)

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