Q2 2024 Earnings Forecast for VSE Co. (NASDAQ:VSEC) Issued By William Blair

VSE Co. (NASDAQ:VSEC - Free Report) - Equities researchers at William Blair raised their Q2 2024 earnings per share estimates for VSE in a note issued to investors on Tuesday, April 30th. William Blair analyst L. Dipalma now expects that the construction company will earn $0.93 per share for the quarter, up from their previous forecast of $0.85. The consensus estimate for VSE's current full-year earnings is $3.68 per share. William Blair also issued estimates for VSE's FY2024 earnings at $4.04 EPS.

Other analysts have also issued research reports about the company. Benchmark restated a "buy" rating and issued a $85.00 price objective on shares of VSE in a research note on Tuesday, April 16th. StockNews.com downgraded VSE from a "hold" rating to a "sell" rating in a research report on Friday, January 26th. Finally, Truist Financial upped their target price on VSE from $77.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. One equities 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, the company presently has an average rating of "Moderate Buy" and an average target price of $78.25.

VSE Stock Performance

NASDAQ:VSEC traded up $2.76 on Thursday, hitting $80.39. The company's stock had a trading volume of 97,206 shares, compared to its average volume of 87,274. The company has a current ratio of 2.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average of $76.89 and a two-hundred day moving average of $66.57. The firm has a market capitalization of $1.27 billion, a P/E ratio of 32.35 and a beta of 1.68. VSE has a one year low of $45.37 and a one year high of $83.00.

Institutional Investors Weigh In On VSE

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC raised its stake in shares of VSE by 13.2% during the first quarter. Jennison Associates LLC now owns 561,397 shares of the construction company's stock valued at $44,912,000 after acquiring an additional 65,495 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of VSE by 80.8% during the first quarter. BNP Paribas Financial Markets now owns 6,431 shares of the construction company's stock valued at $514,000 after acquiring an additional 2,874 shares during the last quarter. Precision Wealth Strategies LLC bought a new position in shares of VSE during the first quarter valued at $280,000. Caprock Group LLC bought a new position in shares of VSE during the first quarter valued at $241,000. Finally, Principal Financial Group Inc. raised its stake in shares of VSE by 5.2% during the first quarter. Principal Financial Group Inc. now owns 20,916 shares of the construction company's stock valued at $1,673,000 after acquiring an additional 1,033 shares during the last quarter. Institutional investors own 91.54% of the company's stock.

VSE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. VSE's payout ratio is presently 16.67%.

About VSE

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.