VSE Corporation Plans Quarterly Dividend of $0.10 (NASDAQ:VSEC)

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, February 24th. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.10 per share by the construction company on Wednesday, April 29th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, April 15th.

VSE has increased its dividend by an average of 0.0%annually over the last three years. VSE has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect VSE to earn $4.55 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 Stock Up 0.7%

VSEC opened at $221.09 on Thursday. The firm has a market capitalization of $5.09 billion, a P/E ratio of 331.72, a price-to-earnings-growth ratio of 2.56 and a beta of 1.35. VSE has a one year low of $100.53 and a one year high of $231.60. The company has a fifty day moving average price of $200.75 and a 200-day moving average price of $179.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.94 and a quick ratio of 1.41.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, February 25th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.28. VSE had a return on equity of 7.64% and a net margin of 1.23%.The company had revenue of $301.18 million for the quarter, compared to the consensus estimate of $289.55 million. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue was up 32.4% compared to the same quarter last year. Equities research analysts expect that VSE will post 2.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VSEC shares. Truist Financial set a $222.00 price target on VSE in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a research note on Monday, December 29th. Citigroup boosted their price target on shares of VSE from $215.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. B. Riley Financial increased their price target on shares of VSE from $208.00 to $258.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Royal Bank Of Canada lifted their price objective on shares of VSE from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, VSE currently has an average rating of “Moderate Buy” and a consensus price target of $224.71.

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.