Equities analysis analysts count on Virtusa Co. (NASDAQ:VRTU) to report earnings per share (EPS) of $0.63 for the present fiscal quarter, in accordance with Zacks Funding Analysis. 4 analysts have supplied estimates for Virtusa’s earnings, with estimates starting from $0.61 to $0.64. Virtusa reported earnings per share of $0.78 throughout the identical quarter final yr, which signifies a adverse yr over yr progress charge of 19.2%. The corporate is predicted to challenge its subsequent earnings report on Thursday, February 4th.
On common, analysts count on that Virtusa will report full yr earnings of $2.10 per share for the present fiscal yr, with EPS estimates starting from $2.02 to $2.22. For the subsequent monetary yr, analysts forecast that the agency will report earnings of $2.59 per share, with EPS estimates starting from $2.40 to $2.78. Zacks’ EPS calculations are a median primarily based on a survey of sell-side analysis corporations that that present protection for Virtusa.
Virtusa (NASDAQ:VRTU) final posted its quarterly earnings outcomes on Sunday, November eighth. The knowledge expertise providers supplier reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The enterprise had income of $317.19 million for the quarter, in comparison with the consensus estimate of $315.21 million. Virtusa had a return on fairness of 13.33% and a internet margin of three.32%. The agency’s income for the quarter was down 3.4% on a year-over-year foundation. Throughout the identical interval within the prior yr, the enterprise earned $0.54 EPS.
Numerous brokerages have commented on VRTU. JPMorgan Chase & Co. boosted their price goal on shares of Virtusa from $42.00 to $51.00 and gave the corporate an “chubby” score in a analysis word on Monday, August 17th. BidaskClub upgraded shares of Virtusa from a “promote” score to a “maintain” score in a report on Thursday. Barrington Analysis downgraded Virtusa from an “outperform” score to a “market carry out” score in a analysis word on Thursday, November 12th. Loop Capital assumed protection on Virtusa in a report on Friday, September 11th. They set a “maintain” score for the corporate. Lastly, Needham & Firm LLC minimize Virtusa from a “purchase” score to a “maintain” score in a analysis report on Thursday, September 10th. Eight analysts have rated the stock with a maintain score, one has assigned a purchase score and one has issued a robust purchase score to the corporate’s stock. Virtusa has a consensus score of “Maintain” and a consensus price goal of $45.67.
Shares of NASDAQ:VRTU opened at $50.27 on Friday. Virtusa has a twelve month low of $19.48 and a twelve month excessive of $52.81. The stock’s 50 day transferring common is $50.13 and its 200-day transferring common is $41.88. The corporate has a fast ratio of two.65, a present ratio of two.65 and a debt-to-equity ratio of 1.04. The agency has a market capitalization of $1.52 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 1.97 and a beta of 1.39.
A number of hedge funds have not too long ago added to or diminished their stakes within the firm. Oregon Public Workers Retirement Fund lifted its holdings in Virtusa by 2.5% throughout the third quarter. Oregon Public Workers Retirement Fund now owns 12,259 shares of the knowledge expertise providers supplier’s stock worth $603,000 after buying an extra 300 shares throughout the interval. American Worldwide Group Inc. raised its stake in shares of Virtusa by 3.2% throughout the 2nd quarter. American Worldwide Group Inc. now owns 20,488 shares of the knowledge expertise providers supplier’s stock worth $665,000 after buying an extra 642 shares throughout the interval. Principal Monetary Group Inc. boosted its holdings in shares of Virtusa by 0.3% within the 2nd quarter. Principal Monetary Group Inc. now owns 239,425 shares of the knowledge expertise providers supplier’s stock worth $7,774,000 after shopping for an extra 657 shares over the past quarter. California State Lecturers Retirement System grew its place in Virtusa by 1.8% throughout the third quarter. California State Lecturers Retirement System now owns 44,126 shares of the knowledge expertise providers supplier’s stock valued at $2,169,000 after shopping for an extra 789 shares throughout the interval. Lastly, UBS Asset Administration Americas Inc. grew its place in Virtusa by 3.9% throughout the third quarter. UBS Asset Administration Americas Inc. now owns 22,668 shares of the knowledge expertise providers supplier’s stock valued at $1,114,000 after shopping for an extra 858 shares throughout the interval. 93.80% of the stock is owned by institutional traders.
Virtusa Firm Profile
Virtusa Company offers digital engineering and knowledge expertise (IT) outsourcing providers primarily in North America, Europe, and Asia. The corporate provides enterprise and IT consulting providers, together with advisory/goal working model, enterprise course of re-engineering/enterprise course of administration, software portfolio rationalization, and enterprise/expertise alignment evaluation; digital transformation providers, similar to digital technique person expertise and design, software and platform engineering analytics, clever automation content material and buyer expertise, and cyber safety; and cloud transformation providers comprising cloud technique and migration, cloud native functions, and capex to opex models.
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