William Blair Predicts VSE’s Q3 Earnings (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – Analysts at William Blair raised their Q3 2024 EPS estimates for VSE in a research report issued to clients and investors on Monday, October 21st. William Blair analyst L. Dipalma now anticipates that the construction company will post earnings of $0.62 per share for the quarter, up from their previous forecast of $0.58. The consensus estimate for VSE’s current full-year earnings is $3.02 per share. William Blair also issued estimates for VSE’s FY2024 earnings at $2.89 EPS.

VSE (NASDAQ:VSEC) last released its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $265.96 million during the quarter, compared to analyst estimates of $256.60 million. VSE had a net margin of 1.21% and a return on equity of 7.87%.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus initiated coverage on shares of VSE in a report on Friday, June 28th. They issued a “buy” rating and a $101.00 target price for the company. Jefferies Financial Group raised their price objective on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Benchmark restated a “buy” rating and set a $100.00 price target on shares of VSE in a report on Friday, August 2nd. Truist Financial raised their price target on shares of VSE from $97.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada raised their price objective on shares of VSE from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat.com, VSE presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.83.

VSE Trading Down 0.4 %

Shares of VSE stock opened at $101.34 on Wednesday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 31.20 and a beta of 1.60. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. VSE has a 12-month low of $52.01 and a 12-month high of $106.11. The firm’s 50-day moving average price is $88.95 and its two-hundred day moving average price is $84.97.

Institutional Trading of VSE

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Research Global Investors bought a new stake in VSE in the first quarter valued at approximately $81,623,000. Dimensional Fund Advisors LP raised its holdings in shares of VSE by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company’s stock valued at $72,634,000 after acquiring an additional 15,323 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of VSE by 1.7% during the first quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company’s stock valued at $57,974,000 after acquiring an additional 12,407 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of VSE by 13.2% during the first quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock valued at $44,912,000 after acquiring an additional 65,495 shares in the last quarter. Finally, AltraVue Capital LLC bought a new position in shares of VSE during the second quarter valued at approximately $48,343,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insider Buying and Selling at VSE

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the sale, the insider now directly owns 463,284 shares in the company, valued at approximately $42,543,369.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 14.60% of the company’s stock.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date is Wednesday, November 6th.

About VSE

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.