Q3 2024 EPS Estimates for VSE Co. Reduced by Analyst (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – William Blair cut their Q3 2024 EPS estimates for shares of VSE in a research report issued on Tuesday, April 16th. William Blair analyst L. Dipalma now forecasts that the construction company will post earnings per share of $1.01 for the quarter, down from their previous 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.

VSEC has been the subject of several other research reports. Truist Financial raised their target price on shares of VSE from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. StockNews.com lowered shares of VSE from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Finally, Benchmark reiterated a “buy” rating and set a $85.00 price objective on shares of VSE in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.25.

VSE Price Performance

VSE stock opened at $75.68 on Friday. The firm has a 50-day moving average price of $75.62 and a 200-day moving average price of $65.17. The firm has a market capitalization of $1.19 billion, a PE ratio of 31.53 and a beta of 1.67. The company has a current ratio of 2.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. VSE has a 12-month low of $41.17 and a 12-month high of $83.00.

Institutional Investors Weigh In On VSE

Several large investors have recently modified their holdings of the business. FMR LLC raised its holdings in shares of VSE by 18.1% in the 3rd quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock valued at $115,165,000 after purchasing an additional 350,313 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of VSE by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 784,606 shares of the construction company’s stock valued at $50,694,000 after purchasing an additional 14,789 shares in the last quarter. BlackRock Inc. raised its holdings in shares of 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. Vanguard Group Inc. raised its holdings in shares of VSE by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 712,274 shares of the construction company’s stock valued at $46,020,000 after purchasing an additional 17,052 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of VSE by 12.7% in the 4th quarter. Jennison Associates LLC now owns 495,902 shares of the construction company’s stock valued at $32,040,000 after purchasing an additional 55,714 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

VSE Dividend Announcement

The business 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. The ex-dividend date is Wednesday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. VSE’s payout ratio is 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.