VSE Co. (NASDAQ:VSEC – Free Report) – B. Riley reduced their FY2023 earnings per share (EPS) estimates for VSE in a note issued to investors on Wednesday, November 15th. B. Riley analyst J. Van. Sinderen now forecasts that the construction company will post earnings per share of $3.18 for the year, down from their prior forecast of $3.24. B. Riley has a “Buy” rating and a $72.00 price objective on the stock. The consensus estimate for VSE’s current full-year earnings is $3.29 per share. B. Riley also issued estimates for VSE’s FY2024 earnings at $3.53 EPS.
Other research analysts have also issued research reports about the company. Royal Bank of Canada raised their price objective on VSE from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. StockNews.com started coverage on VSE in a research report on Thursday, October 5th. They set a “sell” rating for the company. Truist Financial raised their price objective on VSE from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Benchmark restated a “buy” rating and set a $70.00 price objective on shares of VSE in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.40.
VSE Price Performance
NASDAQ:VSEC opened at $61.90 on Friday. The company has a quick ratio of 1.09, a current ratio of 3.06 and a debt-to-equity ratio of 0.72. The business’s 50-day simple moving average is $55.91 and its two-hundred day simple moving average is $53.51. The stock has a market cap of $974.93 million, a PE ratio of 25.79 and a beta of 1.53. VSE has a 52 week low of $39.88 and a 52 week high of $62.94.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its position in shares of VSE by 789.2% during the second quarter. Captrust Financial Advisors now owns 658 shares of the construction company’s stock valued at $25,000 after buying an additional 584 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of VSE during the second quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its position in shares of VSE by 333.9% during the third quarter. Tower Research Capital LLC TRC now owns 794 shares of the construction company’s stock valued at $40,000 after buying an additional 611 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of VSE during the second quarter valued at approximately $60,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in shares of VSE during the second quarter valued at approximately $60,000. Hedge funds and other institutional investors own 69.36% of the company’s stock.
VSE Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a $0.10 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.40 annualized dividend and a yield of 0.65%. VSE’s dividend payout ratio is currently 16.67%.
VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through three segments: Aviation, Fleet, and Federal and Defense. The Aviation segment provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair, and overhaul (MRO) services.
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