Virtusa (NASDAQ:VRTU) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.
Virtusa (NASDAQ:VRTU) last posted its earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.11. Virtusa had a net margin of 2.54% and a return on equity of 4.86%. The company had revenue of $248.20 million during the quarter, compared to analysts’ expectations of $237.48 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. Virtusa’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, analysts expect Virtusa to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Virtusa (NASDAQ:VRTU) opened at $42.96 on Tuesday. Virtusa has a 52-week low of $25.20 and a 52-week high of $48.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.03 and a current ratio of 4.03. The company has a market cap of $1,280.33, a P/E ratio of 60.51, a P/E/G ratio of 2.10 and a beta of 1.48.
VRTU has been the subject of a number of analyst reports. Maxim Group raised shares of Virtusa from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Wednesday, November 8th. Needham & Company LLC increased their target price on shares of Virtusa to $55.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Zacks Investment Research raised shares of Virtusa from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Thursday, January 25th. TheStreet raised shares of Virtusa from a “c” rating to a “b-” rating in a report on Wednesday, November 8th. Finally, Cowen reaffirmed a “buy” rating and issued a $55.00 price target on shares of Virtusa in a report on Thursday, December 14th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Virtusa currently has a consensus rating of “Buy” and a consensus price target of $49.25.
In related news, CEO Kris A. Canekeratne sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $46.04, for a total transaction of $552,480.00. Following the sale, the chief executive officer now owns 559,491 shares in the company, valued at $25,758,965.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Raj Rajgopal sold 4,025 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $44.35, for a total transaction of $178,508.75. Following the sale, the insider now owns 98,576 shares in the company, valued at approximately $4,371,845.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,580 shares of company stock valued at $4,095,604. 5.96% of the stock is currently owned by corporate insiders.
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Virtusa 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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