Virtusa (NASDAQ:VRTU) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.50 to $0.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.34. The company issued revenue guidance of $311 million to $319 million, compared to the consensus revenue estimate of $299.46 million.Virtusa also updated its Q2 2021
After-Hours guidance to 0.50-0.56 EPS.
Shares of NASDAQ VRTU traded up $5.33 during mid-day trading on Friday, reaching $40.60. 1,534,082 shares of the company were exchanged, compared to its average volume of 203,137. The company’s 50-day simple moving average is $31.91 and its 200-day simple moving average is $35.10. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $1.23 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.15 and a beta of 1.38. Virtusa has a twelve month low of $19.48 and a twelve month high of $52.81.
Virtusa (NASDAQ:VRTU) last issued its quarterly earnings data on Thursday, July 30th. The information technology services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. The business had revenue of $301.06 million during the quarter, compared to analysts’ expectations of $287.20 million. Virtusa had a net margin of 3.32% and a return on equity of 13.36%. As a group, equities research analysts expect that Virtusa will post 1.35 EPS for the current year.
Virtusa Company Profile
Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.
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