Vectrus Inc (NYSE:VEC) – Research analysts at B. Riley lifted their FY2019 EPS estimates for Vectrus in a research report issued to clients and investors on Wednesday, November 6th. B. Riley analyst C. Horn now forecasts that the business services provider will post earnings per share of $3.24 for the year, up from their previous estimate of $3.18. B. Riley has a “Buy” rating and a $55.00 price objective on the stock. B. Riley also issued estimates for Vectrus’ Q1 2020 earnings at $0.89 EPS, Q2 2020 earnings at $0.97 EPS, Q3 2020 earnings at $1.07 EPS and Q4 2020 earnings at $1.17 EPS.

Several other brokerages have also recently weighed in on VEC. Citigroup reiterated a “buy” rating on shares of Vectrus in a research note on Wednesday. ValuEngine cut shares of Vectrus from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Peel Hunt reiterated a “hold” rating on shares of Vectrus in a research note on Tuesday, October 29th. Noble Financial reiterated a “hold” rating on shares of Vectrus in a research note on Thursday, August 8th. Finally, Zacks Investment Research cut shares of Vectrus from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.33.

Shares of Vectrus stock opened at $53.15 on Friday. Vectrus has a twelve month low of $19.61 and a twelve month high of $53.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The company has a 50-day simple moving average of $43.57 and a two-hundred day simple moving average of $40.74. The stock has a market capitalization of $534.12 million, a price-to-earnings ratio of 18.08 and a beta of 1.79.

Vectrus (NYSE:VEC) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.02). Vectrus had a return on equity of 15.05% and a net margin of 2.54%. The business had revenue of $359.85 million during the quarter, compared to analyst estimates of $349.34 million.

Large investors have recently modified their holdings of the company. Quantamental Technologies LLC raised its position in shares of Vectrus by 900.0% in the 2nd quarter. Quantamental Technologies LLC now owns 1,000 shares of the business services provider’s stock valued at $41,000 after buying an additional 900 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Vectrus by 53.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,013 shares of the business services provider’s stock worth $41,000 after acquiring an additional 352 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Vectrus during the 3rd quarter worth approximately $61,000. Bank of Montreal Can grew its holdings in Vectrus by 173.7% during the 2nd quarter. Bank of Montreal Can now owns 1,601 shares of the business services provider’s stock worth $65,000 after acquiring an additional 1,016 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in Vectrus by 147.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,774 shares of the business services provider’s stock worth $234,000 after acquiring an additional 3,440 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

In other news, Director William F. Murdy sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $41.43, for a total value of $41,430.00. Following the completion of the transaction, the director now directly owns 15,671 shares in the company, valued at approximately $649,249.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by insiders.

About Vectrus

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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