VSE (NASDAQ:VSEC) Issues Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Key Points

• VSE beat quarterly earnings expectations: EPS was $2.01 versus the $1.76 consensus, while revenue of $541.01 million topped estimates of $512.13 million.
• Analyst sentiment is broadly positive: VSE has a “Moderate Buy” consensus rating and an average price target of $253.38.
• The company declared a quarterly dividend of $0.10 per share, equivalent to $0.40 annualized and a 0.2% yield.

VSE (NASDAQ:VSEC - Get Free Report) issued its quarterly earnings results on Wednesday. The construction company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.25, FiscalAI reports. VSE had a net margin of 6.17% and a return on equity of 6.71%. The business had revenue of $541.01 million for the quarter, compared to the consensus estimate of $512.13 million.

VSE Trading Up 0.6%

VSE stock traded up $1.00 during mid-day trading on Wednesday, hitting $163.96. 749,806 shares of the company's stock were exchanged, compared to its average volume of 534,177. The company's 50 day simple moving average is $176.32 and its 200-day simple moving average is $195.73. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $4.60 billion, a P/E ratio of 52.55, a PEG ratio of 0.65 and a beta of 1.26. VSE has a fifty-two week low of $138.85 and a fifty-two week high of $247.85.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, January 15th. VSE's dividend payout ratio is presently 12.82%.

Insider Activity

In other news, CEO John Cuomo sold 17,500 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the completion of the sale, the chief executive officer owned 169,537 shares of the company's stock, valued at $41,111,027.13. This represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

VSEC has been the subject of several research reports. Zacks Research upgraded shares of VSE from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. KeyCorp started coverage on shares of VSE in a research report on Thursday, October 22nd. They set a "sector weight" rating on the stock. Guggenheim started coverage on shares of VSE in a research report on Monday, September 14th. They set a "neutral" rating on the stock. B. Riley Financial decreased their price target on shares of VSE from $280.00 to $265.00 and set a "buy" rating on the stock in a research note on Wednesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of VSE from $280.00 to $290.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, VSE presently has an average rating of "Moderate Buy" and an average target price of $253.38.

About VSE

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.

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