$0.20 EPS Expected for Virtusa Corporation (VRTU)

October 30, 2017 - By Ellis Scott


Investors sentiment increased to 1.26 in Q2 2017. Its up 0.23, from 1.03 in 2017Q1. It is positive, as 16 investors sold Virtusa Corporation shares while 38 reduced holdings. 14 funds opened positions while 54 raised stakes. 26.53 million shares or 1.06% less from 26.81 million shares in 2017Q1 were reported.
Citigroup Inc invested in 29,400 shares. Mason Street Ltd Liability has 0.01% invested in Virtusa Corporation (NASDAQ:VRTU). Gemmer Asset Mgmt Ltd Limited Liability Company invested in 116 shares or 0% of the stock. Moreover, Us Savings Bank De has 0% invested in Virtusa Corporation (NASDAQ:VRTU) for 3,512 shares. Scout Invests stated it has 61,825 shares or 0.05% of all its holdings. Rhumbline Advisers accumulated 54,201 shares or 0% of the stock. Invesco holds 0% or 172,242 shares. Morgan Stanley stated it has 25,642 shares or 0% of all its holdings. Schwab Charles Investment invested 0% in Virtusa Corporation (NASDAQ:VRTU). Kornitzer Management Inc Ks reported 50,400 shares. Granahan Mgmt Incorporated Ma accumulated 513,475 shares. Ami Asset Mgmt Corp has invested 0.66% of its portfolio in Virtusa Corporation (NASDAQ:VRTU). S Squared Technologies Limited holds 105,400 shares. Cna Finance Corporation has invested 0.11% of its portfolio in Virtusa Corporation (NASDAQ:VRTU). Comml Bank Of Montreal Can invested in 629 shares.

Since May 19, 2017, it had 0 insider purchases, and 4 insider sales for $4.41 million activity. 29,873 shares were sold by Holler Thomas R, worth $836,537. 74,000 shares were sold by Canekeratne Kris A, worth $2.13M.

Investors wait Virtusa Corporation (NASDAQ:VRTU) to report on November, 8. its quarterly earnings Wall Street analysts expect $0.20 earnings per share, up $0.07 or 53.85 % from last year’s $0.13 same quarter earnings. This translates into $5.86M profit for VRTU giving the stock a 46.96 P/E. This is assuming the current $0.20 EPS is accurate. Virtusa Corporation’s Wall Street analysts see 42.86 % EPS growth, taking into account the $0.14 EPS reproted in the previous quarter, About 23,216 shares traded. Virtusa Corporation (NASDAQ:VRTU) has declined 13.10% since October 30, 2016 and is downtrending. It has underperformed by 29.80% the S&P500.

Virtusa Corporation (NASDAQ:VRTU) Ratings Coverage

Among 8 analysts covering Virtusa (NASDAQ:VRTU), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Virtusa had 24 analyst reports since July 29, 2015 according to SRatingsIntel. The company was initiated on Thursday, December 17 by Sterne Agee CRT. The rating was maintained by Maxim Group on Wednesday, January 25 with “Buy”. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Buy” rating by Suntrust Robinson on Friday, February 19. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Outperform” rating by Barrington Research on Tuesday, February 9. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Outperform” rating by Wedbush on Friday, January 6. On Wednesday, November 4 the stock rating was maintained by Maxim Group with “Buy”. The stock of Virtusa Corporation (NASDAQ:VRTU) has “Buy” rating given on Wednesday, July 29 by Needham. The firm earned “Buy” rating on Friday, February 10 by Needham. The stock of Virtusa Corporation (NASDAQ:VRTU) has “Outperform” rating given on Friday, March 24 by Cowen & Co. On Tuesday, February 9 the stock rating was maintained by Needham with “Buy”.

Virtusa Corporation is an information technology services company. The company has market cap of $1.10 billion. 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. It has a 54.06 P/E ratio. The Company’s services enable its clients to accelerate business outcomes by consolidating, rationalizing and modernizing the clients’ core customer-facing processes into one or more core systems.

More notable recent Virtusa Corporation (NASDAQ:VRTU) news were published by: Businesswire.com which released: “Virtusa Proposes to Launch Process to Delist Polaris Consulting & Services …” on October 26, 2017, also Finance.Yahoo.com with their article: “Virtusa Announces $108 Million Strategic Equity Investment from The Orogen …” published on May 03, 2017, Businesswire.com published: “Virtusa Named Most Innovative Technology Company of the Year at the 2017 …” on August 22, 2017. More interesting news about Virtusa Corporation (NASDAQ:VRTU) were released by: Businesswire.com and their article: “Virtusa Announces Date of Second Quarter 2018 Financial Results Release …” published on October 16, 2017 as well as Businesswire.com‘s news article titled: “Virtusa Significantly Increases Standing in the Prestigious 2017 IDC FinTech …” with publication date: October 04, 2017.

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