VSE Co. (NASDAQ:VSEC – Free Report) – Analysts at B. Riley raised their Q3 2023 earnings estimates for VSE in a note issued to investors on Friday, October 6th. B. Riley analyst J. Van. Sinderen now forecasts that the construction company will earn $0.82 per share for the quarter, up from their prior forecast of $0.77. B. Riley has a “Buy” rating and a $72.00 price target on the stock. The consensus estimate for VSE’s current full-year earnings is $3.17 per share. B. Riley also issued estimates for VSE’s Q4 2023 earnings at $0.82 EPS, FY2023 earnings at $3.18 EPS, FY2024 earnings at $3.74 EPS and FY2025 earnings at $4.96 EPS.
Several other brokerages have also commented on VSEC. Benchmark reaffirmed a “buy” rating and issued a $70.00 price objective on shares of VSE in a research report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 price target on shares of VSE in a report on Friday, September 22nd. Finally, StockNews.com assumed coverage on shares of VSE in a report on Thursday. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.
VSE Stock Performance
Shares of VSE stock opened at $54.90 on Monday. The firm has a market capitalization of $864.13 million, a P/E ratio of 21.96 and a beta of 1.53. The company has a quick ratio of 1.17, a current ratio of 3.21 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $54.73 and a 200 day moving average price of $51.07. VSE has a 52 week low of $35.39 and a 52 week high of $59.15.
VSE (NASDAQ:VSEC – Get Free Report) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $205.22 million during the quarter, compared to analyst estimates of $204.29 million. VSE had a net margin of 3.44% and a return on equity of 8.74%.
Institutional Investors Weigh In On VSE
A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in VSE by 1.2% in the 1st quarter. FMR LLC now owns 1,931,381 shares of the construction company’s stock valued at $86,719,000 after purchasing an additional 22,122 shares in the last quarter. BlackRock Inc. lifted its holdings in VSE by 1.7% in the 2nd quarter. BlackRock Inc. now owns 753,117 shares of the construction company’s stock valued at $41,188,000 after purchasing an additional 12,654 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in VSE by 4.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 751,693 shares of the construction company’s stock valued at $33,751,000 after purchasing an additional 34,204 shares in the last quarter. Juniper Investment Company LLC lifted its holdings in VSE by 1.5% in the 2nd quarter. Juniper Investment Company LLC now owns 330,513 shares of the construction company’s stock valued at $18,076,000 after purchasing an additional 4,870 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its holdings in VSE by 9.7% in the 1st quarter. Peregrine Capital Management LLC now owns 237,748 shares of the construction company’s stock valued at $10,675,000 after purchasing an additional 21,026 shares in the last quarter. Institutional investors and hedge funds own 69.36% of the company’s stock.
VSE Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. VSE’s dividend payout ratio is currently 16.00%.
About VSE
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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