Equities Analysts Issue Forecasts for VSE Co.'s Q3 2024 Earnings (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC - Free Report) - Equities research analysts at William Blair reduced their Q3 2024 earnings per share estimates for VSE in a report issued on Tuesday, April 16th. William Blair analyst L. Dipalma now anticipates that the construction company will post earnings of $1.01 per share for the quarter, down from their prior estimate of $1.07. 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 $1.04 EPS.

Several other equities research analysts have also recently commented on VSEC. StockNews.com cut VSE from a "hold" rating to a "sell" rating in a research note on Friday, January 26th. Truist Financial upped their price target on VSE from $77.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Finally, Benchmark restated a "buy" rating and set a $85.00 price target on shares of VSE in a research note on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, VSE currently has an average rating of "Moderate Buy" and a consensus price target of $78.25.

VSE Stock Performance

NASDAQ VSEC traded up $0.58 on Friday, reaching $75.68. The stock had a trading volume of 73,532 shares, compared to its average volume of 88,989. VSE has a 12-month low of $41.17 and a 12-month high of $83.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 2.70. The business's 50-day moving average price is $75.62 and its 200 day moving average price is $65.17. The stock has a market cap of $1.19 billion, a P/E ratio of 31.53 and a beta of 1.67.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE's dividend payout ratio is presently 16.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Park Avenue Securities LLC acquired a new position in VSE during the first quarter worth $221,000. Vanguard Group Inc. grew its holdings in VSE by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 712,274 shares of the construction company's stock worth $46,020,000 after acquiring an additional 17,052 shares during the period. Fisher Asset Management LLC grew its holdings in VSE by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company's stock worth $1,621,000 after acquiring an additional 710 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in VSE by 7.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,781 shares of the construction company's stock worth $374,000 after acquiring an additional 409 shares during the period. Finally, Aspect Partners LLC acquired a new position in VSE during the fourth quarter worth $109,000. Institutional investors and hedge funds own 91.54% of the company's stock.

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.