William Blair Equities Analysts Cut Earnings Estimates for VSE Co. (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSECFree Report) – Research analysts at William Blair lowered their Q3 2024 earnings per share (EPS) estimates for VSE in a research report issued to clients and investors on Tuesday, June 4th. William Blair analyst L. Dipalma now anticipates that the construction company will earn $0.94 per share for the quarter, down from their prior forecast of $1.08. The consensus estimate for VSE’s current full-year earnings is $3.61 per share.

Other analysts have also recently issued research reports about the stock. Truist Financial upped their price objective on shares of VSE from $86.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, May 10th. B. Riley upped their price target on VSE from $91.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $85.00 price target on shares of VSE in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Check Out Our Latest Report on VSE

VSE Price Performance

VSE stock opened at $82.34 on Thursday. The company has a fifty day simple moving average of $78.88 and a 200-day simple moving average of $70.56. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 25.45 and a beta of 1.62. The company has a quick ratio of 0.99, a current ratio of 3.33 and a debt-to-equity ratio of 0.74. VSE has a 52-week low of $48.47 and a 52-week high of $86.26.

VSE (NASDAQ:VSECGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.75 by $0.12. The firm had revenue of $241.54 million during the quarter, compared to analysts’ expectations of $242.42 million. VSE had a return on equity of 8.85% and a net margin of 2.56%.

Institutional Trading of VSE

Several institutional investors have recently made changes to their positions in VSEC. Bfsg LLC acquired a new stake in VSE during the fourth quarter worth $41,000. Amalgamated Bank raised its holdings in VSE by 18.4% in the 3rd quarter. Amalgamated Bank now owns 1,237 shares of the construction company’s stock valued at $62,000 after buying an additional 192 shares during the period. AJOVista LLC acquired a new position in VSE in the fourth quarter valued at about $75,000. Simplex Trading LLC purchased a new position in VSE during the fourth quarter worth about $199,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of VSE during the first quarter valued at about $221,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%.

VSE Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for VSE (NASDAQ:VSEC)

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