Virtusa (NASDAQ:VRTU) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $2.45-$2.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.68. The company issued revenue guidance of $1.326-$1.354 billion, compared to the consensus revenue estimate of $1.37 billion.Virtusa also updated its FY 2020 guidance to $2.45-2.65 EPS.
NASDAQ:VRTU traded down $9.17 during trading hours on Friday, reaching $34.42. 707,962 shares of the company were exchanged, compared to its average volume of 128,254. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16. Virtusa has a 52-week low of $34.22 and a 52-week high of $58.60. The company’s 50 day moving average is $44.02.
Virtusa (NASDAQ:VRTU) last posted its quarterly earnings results on Thursday, August 8th. The information technology services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $319.00 million for the quarter, compared to the consensus estimate of $317.59 million. Virtusa had a net margin of 1.29% and a return on equity of 11.81%. Virtusa’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. On average, analysts forecast that Virtusa will post 2.01 EPS for the current fiscal year.
In related news, CEO Kris A. Canekeratne sold 7,500 shares of Virtusa stock in a transaction on Monday, July 1st. The shares were sold at an average price of $44.31, for a total transaction of $332,325.00. Following the sale, the chief executive officer now owns 723,926 shares of the company’s stock, valued at approximately $32,077,161.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Doody purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $42.50 per share, for a total transaction of $212,500.00. Following the purchase, the director now directly owns 14,684 shares in the company, valued at $624,070. The disclosure for this purchase can be found here. Company insiders own 4.73% of the company’s stock.
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.
Receive News & Ratings for Virtusa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtusa and related companies with MarketBeat.com's FREE daily email newsletter.