Vectrus Inc (VEC) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.61 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.55. The company posted revenue of $310.70 million in the period, compared to analysts expectations of $284.29 million. The company’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on Vectrus Inc. Vectrus Inc was Downgraded by Sidoti to ” Neutral” on Mar 16, 2016.
Vectrus Inc opened for trading at $21.3 and hit $21.85 on the upside on Friday, eventually ending the session at $21.66, with a gain of 1.40% or 0.3 points. The heightened volatility saw the trading volume jump to 33,110 shares. Company has a market cap of $231 M.
In a different news, on Nov 12, 2015, Janet Oliver (SVP, Business Development) sold 9,354 shares at $25.60 per share price. According to the SEC, on Sep 18, 2015, Matthew Klein (SVP and CFO) sold 22 shares at $23.51 per share price. On Sep 18, 2015, Francis Peloso (SVP, Chief HR Officer) sold 30 shares at $23.51 per share price, according to the Form-4 filing with the securities and exchange commission.
Vectrus Inc. (Vectrus) is a provider of services to the United States government across the world. The Company offers services in three solution areas: 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 military base maintenance and operations among others. Its logistics and supply chain management services support and maintain the vehicle and equipment stocks of the United States Army and Marine Corps. Its information technology and network communication services consist of sustainment of communications systems network security systems installation and full life cycle management of information technology systems.