Virtusa (NASDAQ:VRTU) released its quarterly earnings data on Thursday. The information technology services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20, Fidelity Earnings reports. Virtusa had a return on equity of 11.67% and a net margin of 2.23%. The company had revenue of $328.50 million for the quarter, compared to the consensus estimate of $327.07 million. Virtusa updated its Q3 guidance to $0.73-$0.79 EPS and its FY20 guidance to $2.51-$2.65 EPS.
Shares of NASDAQ:VRTU traded up $2.93 during trading on Friday, reaching $42.71. The stock had a trading volume of 488,100 shares, compared to its average volume of 171,613. Virtusa has a 52 week low of $31.99 and a 52 week high of $57.00. The business’s 50-day moving average price is $36.46 and its 200 day moving average price is $41.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.58 and a quick ratio of 2.58. The stock has a market capitalization of $1.20 billion, a PE ratio of 29.25, a P/E/G ratio of 1.14 and a beta of 1.19.
In related news, insider Samir Dhir sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $37.55, for a total value of $150,200.00. Following the completion of the transaction, the insider now owns 148,139 shares in the company, valued at approximately $5,562,619.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kris A. Canekeratne sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $35.50, for a total transaction of $266,250.00. Following the completion of the transaction, the chief executive officer now owns 706,748 shares of the company’s stock, valued at approximately $25,089,554. The disclosure for this sale can be found here. Insiders sold 30,500 shares of company stock valued at $1,108,640 in the last quarter. 4.73% of the stock is currently owned by corporate insiders.
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.
Recommended Story: Cash Asset Ratio
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.