Virtusa (NASDAQ:VRTU) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.56-0.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.59. The company issued revenue guidance of $308-316 million, compared to the consensus revenue estimate of $316.87 million.Virtusa also updated its FY 2019 guidance to $2.19-2.31 EPS.
Shares of Virtusa stock traded down $0.78 during midday trading on Friday, reaching $48.77. The company had a trading volume of 283,052 shares, compared to its average volume of 138,088. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a market cap of $1.47 billion, a P/E ratio of 54.80, a P/E/G ratio of 1.56 and a beta of 1.23. Virtusa has a 1-year low of $39.77 and a 1-year high of $58.60.
Virtusa (NASDAQ:VRTU) last issued its quarterly earnings results on Thursday, November 8th. The information technology services provider reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $305.50 million during the quarter, compared to analyst estimates of $306.37 million. Virtusa had a negative net margin of 0.80% and a positive return on equity of 7.38%. Virtusa’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. On average, sell-side analysts expect that Virtusa will post 1.59 EPS for the current year.
In other Virtusa news, President Samir Dhir sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $49.55, for a total value of $198,200.00. Following the transaction, the president now directly owns 118,822 shares of the company’s stock, valued at $5,887,630.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kris A. Canekeratne sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $53.17, for a total transaction of $159,510.00. Following the completion of the transaction, the chief executive officer now directly owns 722,691 shares in the company, valued at $38,425,480.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,000 shares of company stock worth $569,270. Insiders own 5.11% of the company’s stock.
Virtusa Company Profile
Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.
Featured Story: Liquidity
Receive News & Ratings for Virtusa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtusa and related companies with MarketBeat.com's FREE daily email newsletter.