William Blair Weighs in on VSE Co.’s Q2 2024 Earnings (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSECFree Report) – Analysts at William Blair lowered their Q2 2024 EPS estimates for shares of VSE in a research note issued on Tuesday, June 4th. William Blair analyst L. Dipalma now expects that the construction company will post earnings per share of $0.86 for the quarter, down from their previous estimate of $0.99. The consensus estimate for VSE’s current full-year earnings is $3.61 per share. William Blair also issued estimates for VSE’s Q4 2024 earnings at $1.02 EPS, FY2024 earnings at $3.69 EPS and FY2025 earnings at $4.23 EPS.

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

VSEC has been the topic of several other reports. Truist Financial increased their target price on shares of VSE from $86.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Benchmark restated a “buy” rating and issued a $85.00 target price on shares of VSE in a research note on Tuesday, April 16th. Finally, B. Riley boosted their target price on VSE from $91.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Get Our Latest Stock Analysis on VSEC

VSE Stock Performance

Shares of VSEC stock opened at $82.34 on Friday. The firm has a 50 day moving average of $78.88 and a 200-day moving average of $70.56. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 26.07 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 Dividend Announcement

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

Hedge Funds Weigh In On VSE

Large investors have recently added to or reduced their stakes in the business. Millrace Asset Group Inc. purchased a new stake in shares of VSE in the fourth quarter worth approximately $1,560,000. Principal Financial Group Inc. bought a new position in VSE during the 4th quarter valued at $1,285,000. First Eagle Investment Management LLC boosted its holdings in VSE by 2.3% during the 4th quarter. First Eagle Investment Management LLC now owns 126,372 shares of the construction company’s stock worth $8,165,000 after acquiring an additional 2,799 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of VSE by 25.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 99,782 shares of the construction company’s stock worth $5,033,000 after acquiring an additional 19,955 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of VSE by 97.8% in the third quarter. Boston Partners now owns 15,522 shares of the construction company’s stock valued at $783,000 after purchasing an additional 7,674 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

About VSE

(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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