Vectrus (NYSE:VEC) Releases FY 2019 Earnings Guidance

Vectrus (NYSE:VEC) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.06-3.29 for the period, compared to the Thomson Reuters consensus estimate of $3.30. The company issued revenue guidance of $1.37-1.39 billion, compared to the consensus revenue estimate of $1.32 billion.

VEC traded down $1.01 during trading hours on Friday, hitting $42.46. The company’s stock had a trading volume of 70,684 shares, compared to its average volume of 89,764. The firm has a 50-day moving average of $40.88. Vectrus has a 12 month low of $19.61 and a 12 month high of $46.51. The firm has a market cap of $432.48 million, a PE ratio of 14.44 and a beta of 1.83. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.30.

Vectrus (NYSE:VEC) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. Vectrus had a net margin of 2.68% and a return on equity of 15.70%. The company had revenue of $331.59 million for the quarter, compared to analysts’ expectations of $325.80 million. As a group, equities analysts predict that Vectrus will post 3.18 earnings per share for the current year.

VEC has been the topic of several research reports. TheStreet upgraded shares of Vectrus from a c+ rating to a b rating in a research report on Monday, April 15th. B. Riley began coverage on shares of Vectrus in a research note on Tuesday, June 25th. They set a buy rating and a $49.00 price objective for the company. 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 research note on Tuesday, April 16th. Zacks Investment Research lowered shares of Vectrus from a buy rating to a hold rating in a research note on Friday. Finally, ValuEngine lowered shares of Vectrus from a buy rating to a hold rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Vectrus currently has a consensus rating of Hold and an average target price of $46.33.

Vectrus Company Profile

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.

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Earnings History and Estimates for Vectrus (NYSE:VEC)

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