VSE Co. (NASDAQ:VSEC) to Post Q3 2024 Earnings of $1.14 Per Share, William Blair Forecasts

VSE Co. (NASDAQ:VSEC) – Equities researchers at William Blair upped their Q3 2024 EPS estimates for shares of VSE in a note issued to investors on Tuesday, April 30th. William Blair analyst L. Dipalma now expects that the construction company will post earnings per share of $1.14 for the quarter, up from their prior forecast of $1.01. The consensus estimate for VSE’s current full-year earnings is $3.79 per share. William Blair also issued estimates for VSE’s Q4 2024 earnings at $1.17 EPS, FY2025 earnings at $5.09 EPS and FY2026 earnings at $5.21 EPS.

A number of other equities research analysts have also recently issued reports on VSEC. StockNews.com cut shares of VSE from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Benchmark reissued a “buy” rating and issued a $85.00 price target on shares of VSE in a research note on Tuesday, April 16th. Finally, Truist Financial lifted their price target on shares of VSE from $77.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, VSE has an average rating of “Moderate Buy” and an average price target of $78.25.

VSE Price Performance

Shares of NASDAQ VSEC opened at $82.90 on Friday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 34.54 and a beta of 1.68. VSE has a 12 month low of $45.37 and a 12 month high of $83.14. The firm’s 50 day simple moving average is $77.32 and its 200-day simple moving average is $66.93. 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSEC. Bfsg LLC purchased a new position in shares of VSE during the 4th quarter worth $41,000. Amalgamated Bank raised its holdings in shares of 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 acquiring an additional 192 shares during the period. AJOVista LLC purchased a new position in shares of VSE during the 4th quarter worth $75,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of VSE during the 3rd quarter worth $135,000. Finally, Simplex Trading LLC purchased a new stake in VSE in the 4th quarter valued at about $199,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Announces Dividend

The firm 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 of this dividend is Wednesday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.48%. VSE’s dividend payout ratio (DPR) is presently 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.