Q1 2024 EPS Estimates for VSE Co. Raised by Analyst (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – Investment analysts at William Blair boosted their Q1 2024 earnings per share (EPS) estimates for shares of VSE in a research report issued on Tuesday, April 16th. William Blair analyst L. Dipalma now anticipates that the construction company will post earnings of $0.80 per share for the quarter, up from their prior forecast of $0.69. The consensus estimate for VSE’s current full-year earnings is $3.60 per share. William Blair also issued estimates for VSE’s Q2 2024 earnings at $0.85 EPS, FY2024 earnings at $3.70 EPS, FY2025 earnings at $4.59 EPS and FY2026 earnings at $4.69 EPS.

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

VSE Price Performance

VSEC opened at $75.10 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 2.70. VSE has a 52-week low of $41.17 and a 52-week high of $83.00. The stock has a market capitalization of $1.18 billion, a PE ratio of 31.29 and a beta of 1.67. The stock’s 50 day moving average price is $75.44 and its 200-day moving average price is $64.99.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be paid a $0.10 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.53%. VSE’s payout ratio is 16.67%.

Institutional Investors Weigh In On VSE

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in VSE by 18.4% in the third quarter. Amalgamated Bank now owns 1,237 shares of the construction company’s stock worth $62,000 after acquiring an additional 192 shares in the last quarter. California State Teachers Retirement System boosted its holdings in VSE by 1.9% in the second quarter. California State Teachers Retirement System now owns 13,750 shares of the construction company’s stock worth $752,000 after acquiring an additional 250 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in VSE by 6.4% in the third quarter. The Manufacturers Life Insurance Company now owns 4,733 shares of the construction company’s stock worth $239,000 after acquiring an additional 286 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in VSE by 7.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,781 shares of the construction company’s stock worth $374,000 after acquiring an additional 409 shares in the last quarter. Finally, Credit Suisse AG boosted its holdings in VSE by 4.9% in the first quarter. Credit Suisse AG now owns 9,301 shares of the construction company’s stock worth $418,000 after acquiring an additional 433 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.