VSE Co. (VSEC) to Issue Quarterly Dividend of $0.10 on February 6th

VSE Co. (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Investors of record on Thursday, January 23rd will be given a dividend of 0.10 per share by the construction company on Thursday, February 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 23rd.

VSE has increased its dividend payment by an average of 3.6% per year over the last three years. VSE has a dividend payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect VSE to earn $4.54 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 8.8%.

VSE Price Performance

NASDAQ:VSEC opened at $103.38 on Tuesday. VSE has a 1 year low of $57.45 and a 1 year high of $123.92. The firm’s fifty day simple moving average is $106.37 and its 200 day simple moving average is $96.48. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The company had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same period last year, the business posted $0.92 EPS. As a group, sell-side analysts expect that VSE will post 2.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VSEC has been the topic of several recent research reports. B. Riley lifted their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. StockNews.com raised shares of VSE to a “sell” rating in a research note on Monday, December 9th. Truist Financial dropped their price target on shares of VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada boosted their price target on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group boosted their price target on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.83.

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.