FY2024 EPS Estimates for VSE Co. Cut by Analyst (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – Analysts at B. Riley cut their FY2024 earnings per share estimates for VSE in a research note issued on Thursday, April 11th. B. Riley analyst J. Van. Sinderen now expects that the construction company will post earnings per share of $3.64 for the year, down from their prior estimate of $3.65. The consensus estimate for VSE’s current full-year earnings is $3.60 per share. B. Riley also issued estimates for VSE’s FY2025 earnings at $5.29 EPS.

Several other equities analysts have also weighed in on the company. Truist Financial raised their target price on VSE from $77.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Benchmark restated a “buy” rating and set a $85.00 target price on shares of VSE in a report on Tuesday. Finally, StockNews.com lowered VSE from a “hold” rating to a “sell” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.25.

VSE Price Performance

NASDAQ VSEC opened at $77.52 on Monday. VSE has a fifty-two week low of $40.88 and a fifty-two week high of $83.00. The stock’s 50-day moving average is $75.07 and its two-hundred day moving average is $64.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.70 and a quick ratio of 0.95. The firm has a market cap of $1.22 billion, a P/E ratio of 32.30 and a beta of 1.67.

Hedge Funds Weigh In On VSE

A number of institutional investors have recently made changes to their positions in the business. FMR LLC increased its stake in shares of VSE by 18.1% in the third quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock worth $115,165,000 after purchasing an additional 350,313 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of VSE by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 784,606 shares of the construction company’s stock worth $50,694,000 after purchasing an additional 14,789 shares during the period. BlackRock Inc. increased its stake in shares of VSE by 1.7% in the second quarter. BlackRock Inc. now owns 753,117 shares of the construction company’s stock worth $41,188,000 after purchasing an additional 12,654 shares during the period. Vanguard Group Inc. increased its stake in shares of VSE by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 712,274 shares of the construction company’s stock worth $46,020,000 after purchasing an additional 17,052 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of VSE by 12.7% in the fourth quarter. Jennison Associates LLC now owns 495,902 shares of the construction company’s stock worth $32,040,000 after purchasing an additional 55,714 shares during the period. 91.54% of the stock is currently owned by institutional investors.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. VSE’s payout ratio 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.