Wall Street brokerages forecast that Virtusa Corporation (NASDAQ:VRTU) will announce $0.45 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Virtusa Corporation’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.44. Virtusa Corporation reported earnings of $0.37 per share during the same quarter last year, which suggests a positive year over year growth rate of 21.6%. The firm is expected to report its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Virtusa Corporation will report full-year earnings of $1.53 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.61. For the next financial year, analysts forecast that the business will post earnings of $1.97 per share, with EPS estimates ranging from $1.56 to $2.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Virtusa Corporation.
Virtusa Corporation (NASDAQ:VRTU) last posted its quarterly earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $248.20 million for the quarter, compared to analysts’ expectations of $237.48 million. Virtusa Corporation had a net margin of 2.54% and a return on equity of 4.86%. Virtusa Corporation’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS.
A number of equities research analysts recently commented on VRTU shares. Zacks Investment Research raised shares of Virtusa Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, July 19th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $37.00 price target on shares of Virtusa Corporation in a report on Sunday, November 5th. Cowen and Company reaffirmed a “buy” rating and issued a $37.00 price target on shares of Virtusa Corporation in a report on Thursday, October 12th. Barrington Research lifted their price target on shares of Virtusa Corporation from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, BidaskClub raised shares of Virtusa Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.50.
In other news, Director Trust Martin sold 3,080 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $35.55, for a total transaction of $109,494.00. Following the completion of the transaction, the director now directly owns 22,716 shares in the company, valued at approximately $807,553.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Rajgopal sold 4,025 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $36.05, for a total transaction of $145,101.25. Following the transaction, the insider now owns 107,216 shares of the company’s stock, valued at $3,865,136.80. The disclosure for this sale can be found here. Insiders sold a total of 70,326 shares of company stock valued at $2,577,440 over the last quarter. 5.96% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VRTU. US Bancorp DE grew its position in shares of Virtusa Corporation by 10.3% during the 2nd quarter. US Bancorp DE now owns 3,512 shares of the information technology services provider’s stock valued at $103,000 after purchasing an additional 327 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Virtusa Corporation during the 2nd quarter valued at $120,000. Victory Capital Management Inc. purchased a new position in shares of Virtusa Corporation during the 3rd quarter valued at $130,000. State of Alaska Department of Revenue grew its position in shares of Virtusa Corporation by 79.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,470 shares of the information technology services provider’s stock valued at $160,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in shares of Virtusa Corporation by 4.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,510 shares of the information technology services provider’s stock valued at $191,000 after purchasing an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.
Virtusa Corporation (VRTU) traded up $0.93 during trading hours on Friday, hitting $45.35. 240,800 shares of the company were exchanged, compared to its average volume of 303,966. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.03. The company has a market cap of $1,304.41, a PE ratio of 50.48, a PEG ratio of 2.23 and a beta of 1.66. Virtusa Corporation has a 52 week low of $18.94 and a 52 week high of $48.15.
Virtusa Corporation Company Profile
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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