Somewhat Positive Media Coverage Somewhat Unlikely to Affect Vectrus (VEC) Stock Price
Media stories about Vectrus (NYSE:VEC) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vectrus earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 44.6508572162868 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Vectrus (VEC) traded up 0.66% on Thursday, hitting $33.73. The company’s stock had a trading volume of 59,528 shares. Vectrus has a 1-year low of $15.77 and a 1-year high of $35.58. The company has a market capitalization of $373.56 million, a P/E ratio of 16.13 and a beta of 2.21. The company has a 50 day moving average price of $29.91 and a 200-day moving average price of $29.34.
Vectrus (NYSE:VEC) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $259.30 million for the quarter, compared to analyst estimates of $275.00 million. Vectrus had a net margin of 2.06% and a return on equity of 18.96%. The business’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. On average, equities analysts forecast that Vectrus will post $1.89 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. ValuEngine cut Vectrus from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. BidaskClub cut Vectrus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st.
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In other news, insider Charles Prow bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $29.62 per share, for a total transaction of $29,620.00. Following the completion of the acquisition, the insider now owns 1,000 shares in the company, valued at approximately $29,620. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.90% of the company’s stock.
Vectrus Company Profile
Vectrus, Inc is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations.
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