Wednesday, May 8, 2019
Vectrus Inc. (VEC)
Can Vectrus Reach Its $2.5 Billion Revenue Goal?
Vectrus Inc is a U.S.-based company that provides services to the U.S. government. The company generates nearly all its revenue from the United States Department of Defense. The company offerings are categorized into three types.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- 1Q19 Results. Vectrus reported above expected revenue of $325.9 million in the first quarter, but EPS of $0.62 ($0.69 adjusted) was below expectations. We had forecast $321 million and $0.77, respectively. Vectrus saw particular strength in its European and Middle Eastern
markets, which more than offset a weaker U.S. Higher expenses were behind the
EPS miss. - Backlog Remain Strong. The Company ended the quarter with $1.1 billion of funded backlog, up 60% sequentially. Book-to-bill in 1Q19 was 2.0x. Pr…
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