VSE Co. to Post FY2024 Earnings of $3.64 Per Share, B. Riley Forecasts (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – Equities researchers at B. Riley dropped their FY2024 earnings per share (EPS) estimates for VSE in a research report issued on Thursday, April 11th. B. Riley analyst J. Van. Sinderen now expects that the construction company will post earnings of $3.64 per share for the year, down from their previous forecast of $3.65. The consensus estimate for VSE’s current full-year earnings is $3.60 per share. B. Riley also issued estimates for VSE’s FY2025 earnings at $5.29 EPS.

Other equities research analysts have also issued research reports about the company. Truist Financial lifted their price target on VSE from $77.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. StockNews.com lowered VSE from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Finally, Benchmark reissued a “buy” rating and issued a $85.00 target price on shares of VSE in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, VSE has a consensus rating of “Moderate Buy” and a consensus price target of $78.25.

VSE Trading Down 0.6 %

Shares of VSEC stock opened at $77.66 on Monday. The company has a quick ratio of 0.95, a current ratio of 2.70 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $74.78 and a two-hundred day moving average price of $64.65. VSE has a 12-month low of $40.88 and a 12-month high of $83.00. The firm has a market cap of $1.22 billion, a P/E ratio of 32.36 and a beta of 1.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Amalgamated Bank grew its holdings in shares of VSE by 18.4% during the 3rd quarter. Amalgamated Bank now owns 1,237 shares of the construction company’s stock worth $62,000 after acquiring an additional 192 shares during the period. California State Teachers Retirement System grew its stake in shares of VSE by 1.9% in the 2nd quarter. California State Teachers Retirement System now owns 13,750 shares of the construction company’s stock worth $752,000 after buying an additional 250 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of VSE by 6.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,733 shares of the construction company’s stock worth $239,000 after buying an additional 286 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of VSE by 7.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,781 shares of the construction company’s stock worth $374,000 after buying an additional 409 shares during the last quarter. Finally, Credit Suisse AG grew its stake in shares of VSE by 4.9% in the 1st quarter. Credit Suisse AG now owns 9,301 shares of the construction company’s stock worth $418,000 after buying an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. VSE’s dividend payout ratio is presently 16.67%.

About VSE

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.