VSE Corporation (NASDAQ:VSEC) Declares $0.10 Quarterly Dividend

VSE Corporation (NASDAQ:VSEC) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.10 per share by the construction company on Wednesday, July 29th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

VSE has raised its dividend by an average of 0.0%annually over the last three years. VSE has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect VSE to earn $5.80 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 6.9%.

VSE Stock Down 0.7%

Shares of NASDAQ VSEC traded down $1.37 during trading hours on Friday, hitting $198.09. The company had a trading volume of 41,032 shares, compared to its average volume of 639,917. The stock has a market capitalization of $5.56 billion, a P/E ratio of 83.62, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The company has a quick ratio of 1.43, a current ratio of 3.76 and a debt-to-equity ratio of 0.20. VSE has a 1-year low of $123.69 and a 1-year high of $232.61. The firm’s 50 day moving average is $197.71 and its 200-day moving average is $191.19.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.93 by $0.24. VSE had a return on equity of 8.78% and a net margin of 4.95%.The company had revenue of $324.58 million during the quarter, compared to the consensus estimate of $309.19 million. During the same quarter in the prior year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, analysts expect that VSE will post 4.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on VSEC. Weiss Ratings restated a “hold (c)” rating on shares of VSE in a research note on Friday, April 24th. William Blair restated an “outperform” rating on shares of VSE in a research note on Thursday, March 12th. Zacks Research upgraded VSE from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Royal Bank Of Canada increased their price target on VSE from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $268.00 price target on shares of VSE in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $234.75.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.