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Wednesday, November 6, 2019
Vectrus (VEC)
Can Outperformance Continue?
Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Strong 3Q19 Results. Vectrus reported 3Q19 revenue of $359.9 million, adjusted EBITDA
of $16.7 million, EPS of $0.80, and adjusted EPS of $0.84. Consensus called for revenue of
$349 million and EPS of $0.78. We were at $355 million and $0.82, respectively.
- Expanding Footprint. Vectrus continues to expand it footprint, not just geographically but also customerwise. During the quarter, VEC was awarded business in the AFRICOM Area of Responsibility. Business with…
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This Company Sponorsed Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst
certification and important disclosures included in full report.
NOTE: investment decisions should not be based upon the content of
this research summary. Proper due diligence is required before
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