VSE (NASDAQ:VSEC) Posts Earnings Results

VSE (NASDAQ:VSEC) announced its earnings results on Wednesday. The construction company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.76 by $0.25, FiscalAI reports. VSE had a net margin of 6.17% and a return on equity of 6.71%. The company had revenue of $541.01 million for the quarter, compared to analysts’ expectations of $512.13 million.

VSE Price Performance

Shares of NASDAQ VSEC traded up $1.00 during midday trading on Wednesday, reaching $163.96. 749,821 shares of the company were exchanged, compared to its average volume of 534,179. The stock’s 50-day moving average price is $176.32 and its 200-day moving average price is $195.73. The stock has a market cap of $4.60 billion, a P/E ratio of 52.55, a PEG ratio of 0.65 and a beta of 1.26. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. VSE has a one year low of $138.85 and a one year high of $247.85.

VSE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, January 15th. VSE’s payout ratio is presently 12.82%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VSEC shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of VSE from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Zacks Research upgraded VSE from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Guggenheim assumed coverage on VSE in a report on Monday, September 14th. They issued a “neutral” rating on the stock. B. Riley Financial decreased their price target on VSE from $280.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $275.00 price target on shares of VSE in a research note on Sunday, August 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.38.

Insider Activity at VSE

In other news, CEO John Cuomo sold 17,500 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $242.49, for a total value of $4,243,575.00. Following the completion of the transaction, the chief executive officer directly owned 169,537 shares in the company, valued at approximately $41,111,027.13. This represents a 9.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

VSE Company Profile

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.