VSE Co. (NASDAQ:VSEC) Expected to Earn Q1 2024 Earnings of $0.71 Per Share

VSE Co. (NASDAQ:VSEC - Free Report) - Equities researchers at B. Riley upped their Q1 2024 earnings per share (EPS) estimates for shares of VSE in a research report issued to clients and investors on Thursday, April 11th. B. Riley analyst J. Van. Sinderen now forecasts that the construction company will post earnings of $0.71 per share for the quarter, up from their previous forecast of $0.62. The consensus estimate for VSE's current full-year earnings is $3.60 per share. B. Riley also issued estimates for VSE's Q2 2024 earnings at $0.80 EPS, Q3 2024 earnings at $1.01 EPS and Q4 2024 earnings at $1.11 EPS.

Other equities analysts have also recently issued reports about the company. StockNews.com cut VSE from a "hold" rating to a "sell" rating in a research report on Friday, January 26th. Benchmark reiterated a "buy" rating and set a $85.00 target price on shares of VSE in a research note on Monday, December 18th. Finally, Truist Financial increased their price target on VSE from $77.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, VSE has an average rating of "Moderate Buy" and a consensus target price of $78.25.

VSE Stock Down 2.2 %

Shares of VSEC stock traded down $1.77 during trading hours on Friday, reaching $78.12. The company had a trading volume of 70,695 shares, compared to its average volume of 90,859. The business has a fifty day simple moving average of $74.42 and a 200-day simple moving average of $64.37. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 32.55 and a beta of 1.67. VSE has a 12 month low of $40.88 and a 12 month high of $83.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.70 and a quick ratio of 0.95.

Institutional Investors Weigh In On VSE

A number of large investors have recently made changes to their positions in VSEC. Captrust Financial Advisors grew its stake in shares of VSE by 789.2% in the 2nd quarter. Captrust Financial Advisors now owns 658 shares of the construction company's stock valued at $25,000 after buying an additional 584 shares during the period. Tower Research Capital LLC TRC raised its stake in VSE by 333.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 794 shares of the construction company's stock worth $40,000 after acquiring an additional 611 shares in the last quarter. Bfsg LLC purchased a new position in VSE during the 4th quarter worth $41,000. Amalgamated Bank grew its position in VSE by 18.4% during the 3rd quarter. Amalgamated Bank now owns 1,237 shares of the construction company's stock worth $62,000 after purchasing an additional 192 shares during the last quarter. Finally, AJOVista LLC purchased a new position in VSE during the 4th quarter worth $75,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, May 1st. VSE's dividend payout ratio is currently 16.67%.

VSE Company Profile

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.