VSE Co. (NASDAQ:VSEC) to Post Q2 2024 Earnings of $0.93 Per Share, William Blair Forecasts

VSE Co. (NASDAQ:VSEC) – William Blair upped their Q2 2024 earnings per share estimates for shares of VSE in a report released on Tuesday, April 30th. William Blair analyst L. Dipalma now expects that the construction company will post earnings per share of $0.93 for the quarter, up from their previous estimate of $0.85. The consensus estimate for VSE’s current full-year earnings is $3.79 per share. William Blair also issued estimates for VSE’s FY2024 earnings at $4.04 EPS.

VSEC has been the subject of several other reports. Benchmark reiterated a “buy” rating and issued a $85.00 price objective on shares of VSE in a report on Tuesday, April 16th. Truist Financial boosted their price target on VSE from $77.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, StockNews.com downgraded VSE from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.25.

VSE Price Performance

NASDAQ VSEC opened at $82.90 on Thursday. VSE has a one year low of $45.37 and a one year high of $83.14. The stock has a 50-day moving average of $77.32 and a 200 day moving average of $66.86. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 34.54 and a beta of 1.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 2.70.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VSEC. Jennison Associates LLC purchased a new position in shares of VSE during the 3rd quarter valued at about $22,203,000. FMR LLC lifted its position in shares of VSE by 18.1% during the 3rd quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock valued at $115,165,000 after buying an additional 350,313 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of VSE by 17.5% during the 3rd quarter. Vanguard Group Inc. now owns 695,222 shares of the construction company’s stock valued at $35,067,000 after buying an additional 103,586 shares in the last quarter. TD Asset Management Inc purchased a new position in shares of VSE during the 3rd quarter valued at about $1,609,000. Finally, Juniper Investment Company LLC lifted its position in shares of VSE by 9.6% during the 3rd quarter. Juniper Investment Company LLC now owns 362,363 shares of the construction company’s stock valued at $18,278,000 after buying an additional 31,850 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. VSE’s payout ratio is currently 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.