Vectrus (VEC) Receiving Favorable Press Coverage, Analysis Finds
News coverage about Vectrus (NYSE:VEC) has trended positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vectrus earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 45.9871406964858 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Edited Transcript of VEC earnings conference call or presentation 7-Nov-17 9:30pm GMT (finance.yahoo.com)
- Colorado Springs defense contractor Vectrus raises forecast after winning subcontract (gazette.com)
- Vectrus Announces Third Quarter 2017 Results (finance.yahoo.com)
- Vectrus, Inc. (VEC) Releases Earnings Results, Beats Estimates By $0.11 EPS (americanbankingnews.com)
- Vectrus Inc to Host Earnings Call (finance.yahoo.com)
Vectrus (NYSE VEC) traded down $0.09 during mid-day trading on Monday, reaching $32.50. The company’s stock had a trading volume of 94,500 shares, compared to its average volume of 89,426. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $353.78, a price-to-earnings ratio of 17.96 and a beta of 2.18. Vectrus has a 52-week low of $20.47 and a 52-week high of $35.58.
Vectrus (NYSE:VEC) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The firm had revenue of $269.60 million for the quarter, compared to analyst estimates of $247.50 million. Vectrus had a return on equity of 17.25% and a net margin of 2.02%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. sell-side analysts expect that Vectrus will post 1.99 earnings per share for the current year.
Several research analysts have weighed in on VEC shares. ValuEngine lowered Vectrus from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded Vectrus from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, October 18th. Finally, BidaskClub lowered Vectrus from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Four research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $37.00.
In other news, insider Charles Prow purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $29.62 per share, with a total value of $29,620.00. Following the purchase, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $29,620. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.90% of the company’s stock.
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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