Vectrus (NYSE:VEC) Updates FY 2019 Earnings Guidance

Vectrus (NYSE:VEC) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.06-3.29 for the period, compared to the Thomson Reuters consensus earnings per share 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.

A number of equities research analysts recently commented on the stock. TheStreet upgraded shares of Vectrus from a c+ rating to a b rating in a report on Monday, April 15th. Drexel Hamilton upgraded shares of Vectrus from a hold rating to a buy rating and set a $45.00 price target on the stock in a research note on Tuesday, April 16th. Noble Financial reiterated a hold rating on shares of Vectrus in a research note on Tuesday, July 2nd. Zacks Investment Research lowered shares of Vectrus from a buy rating to a hold rating in a research note on Thursday, June 20th. Finally, B. Riley started coverage on shares of Vectrus in a research note on Tuesday, June 25th. They issued a buy rating and a $49.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $46.33.

VEC stock traded down $0.01 during midday trading on Tuesday, hitting $37.86. The company’s stock had a trading volume of 81,115 shares, compared to its average volume of 88,232. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.30. Vectrus has a twelve month low of $19.61 and a twelve month high of $46.51. The business has a fifty day moving average price of $40.61. The firm has a market cap of $446.08 million, a PE ratio of 12.88 and a beta of 1.83.

Vectrus (NYSE:VEC) last issued its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.06). Vectrus had a net margin of 2.82% and a return on equity of 16.53%. The business had revenue of $325.93 million during the quarter, compared to analyst estimates of $325.75 million. As a group, equities research analysts forecast that Vectrus will post 3.37 earnings per share for the current fiscal year.

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.

Read More: What is the definition of a trade war?

Receive News & Ratings for Vectrus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vectrus and related companies with MarketBeat.com's FREE daily email newsletter.