Virtusa (NASDAQ:VRTU) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.37-0.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.62. The company issued revenue guidance of $313-321 million, compared to the consensus revenue estimate of $334.34 million.Virtusa also updated its FY 2020 guidance to $2.58-2.82 EPS.
Several research firms have issued reports on VRTU. Zacks Investment Research upgraded shares of Virtusa from a sell rating to a hold rating in a research note on Thursday, February 14th. Barrington Research restated a buy rating and set a $64.00 target price on shares of Virtusa in a research note on Friday, May 10th. BidaskClub cut shares of Virtusa from a buy rating to a hold rating in a research note on Friday, February 15th. Finally, Cantor Fitzgerald restated a buy rating and set a $62.00 target price on shares of Virtusa in a research note on Friday, February 8th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $62.83.
Shares of NASDAQ:VRTU traded up $1.63 during trading on Wednesday, hitting $54.20. The company’s stock had a trading volume of 72,163 shares, compared to its average volume of 112,224. Virtusa has a 12 month low of $37.80 and a 12 month high of $58.60. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $1.57 billion, a PE ratio of 60.90, a price-to-earnings-growth ratio of 1.34 and a beta of 1.05.
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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.
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