Virtusa (VRTU) Releases Q4 Earnings Guidance
Virtusa (NASDAQ:VRTU) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.51-0.57 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of $274-280 million, compared to the consensus revenue estimate of $268.99 million.
Virtusa (VRTU) opened at $46.74 on Friday. Virtusa has a one year low of $25.72 and a one year high of $48.71. The firm has a market cap of $1,363.47, a P/E ratio of 57.91, a price-to-earnings-growth ratio of 2.23 and a beta of 1.48. The company has a current ratio of 4.24, a quick ratio of 4.03 and a debt-to-equity ratio of 0.23.
Virtusa (NASDAQ:VRTU) last announced its earnings results on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. The business had revenue of $263.80 million during the quarter, compared to the consensus estimate of $259.81 million. During the same quarter last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. equities research analysts expect that Virtusa will post 1.04 EPS for the current fiscal year.
In related news, CEO Kris A. Canekeratne sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $45.48, for a total transaction of $454,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Davoli sold 1,505 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $45.31, for a total transaction of $68,191.55. Following the sale, the director now directly owns 9,996 shares of the company’s stock, valued at approximately $452,918.76. The disclosure for this sale can be found here. Insiders have sold 65,555 shares of company stock valued at $3,013,598 in the last three months. 5.96% of the stock is owned by insiders.
Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services.
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