$306.20 Million in Sales Expected for Vectrus Inc (VEC) This Quarter

Wall Street analysts forecast that Vectrus Inc (NYSE:VEC) will report sales of $306.20 million for the current quarter, Zacks reports. Two analysts have made estimates for Vectrus’ earnings, with estimates ranging from $297.40 million to $315.00 million. Vectrus posted sales of $259.32 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.1%. The company is scheduled to issue its next earnings report on Tuesday, August 14th.

According to Zacks, analysts expect that Vectrus will report full-year sales of $1.26 billion for the current year. For the next fiscal year, analysts forecast that the firm will report sales of $1.30 billion per share, with estimates ranging from $1.29 billion to $1.32 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Vectrus.

Vectrus (NYSE:VEC) last released its earnings results on Tuesday, May 8th. The business services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Vectrus had a return on equity of 15.21% and a net margin of 5.15%. The company had revenue of $320.52 million during the quarter, compared to analysts’ expectations of $309.29 million.

A number of research firms recently issued reports on VEC. Zacks Investment Research downgraded shares of Vectrus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 3rd. ValuEngine downgraded shares of Vectrus from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Vectrus has a consensus rating of “Hold” and an average target price of $34.50.

In other Vectrus news, Director Stephen L. Waechter purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were bought at an average price of $30.97 per share, with a total value of $61,940.00. Following the completion of the purchase, the director now directly owns 16,002 shares in the company, valued at $495,581.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phillip Widman purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The shares were acquired at an average cost of $31.21 per share, for a total transaction of $312,100.00. Following the purchase, the director now owns 11,002 shares of the company’s stock, valued at $343,372.42. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 21,000 shares of company stock worth $647,515. 2.80% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Chicago Equity Partners LLC increased its position in Vectrus by 1.8% during the first quarter. Chicago Equity Partners LLC now owns 175,389 shares of the business services provider’s stock valued at $6,531,000 after acquiring an additional 3,095 shares during the last quarter. Victory Capital Management Inc. bought a new position in Vectrus during the first quarter valued at $184,000. Matarin Capital Management LLC bought a new position in Vectrus during the first quarter valued at $210,000. Koch Industries Inc. bought a new position in Vectrus during the first quarter valued at $212,000. Finally, Element Capital Management LLC bought a new position in Vectrus during the first quarter valued at $228,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Shares of Vectrus traded down $0.54, hitting $30.95, during mid-day trading on Friday, Marketbeat reports. The company had a trading volume of 62,096 shares, compared to its average volume of 93,148. Vectrus has a 52-week low of $25.17 and a 52-week high of $41.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $353.79 million, a PE ratio of 14.34 and a beta of 1.56.

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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