Equities Analysts Issue Forecasts for VSE FY2024 Earnings

VSE Co. (NASDAQ:VSEC) – Equities researchers at B. Riley issued their FY2024 earnings per share estimates for VSE in a research report issued on Monday, February 24th. B. Riley analyst J. Van. Sinderen anticipates that the construction company will post earnings of $2.90 per share for the year. B. Riley has a “Buy” rating and a $132.00 price objective on the stock. The consensus estimate for VSE’s current full-year earnings is $2.96 per share. B. Riley also issued estimates for VSE’s FY2025 earnings at $2.94 EPS, FY2026 earnings at $4.69 EPS and FY2027 earnings at $6.80 EPS.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.73 by $0.17. VSE had a net margin of 1.36% and a return on equity of 7.26%.

A number of other brokerages also recently issued reports on VSEC. Truist Financial dropped their price target on VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada increased their price objective on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, StockNews.com upgraded shares of VSE to a “sell” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, VSE has an average rating of “Moderate Buy” and a consensus price target of $117.83.

VSE Price Performance

Shares of NASDAQ VSEC opened at $101.00 on Wednesday. VSE has a 1-year low of $71.34 and a 1-year high of $123.92. The stock has a fifty day simple moving average of $99.69 and a two-hundred day simple moving average of $99.25. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 18.70 and a beta of 1.61.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were given a $0.10 dividend. The ex-dividend date was Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. VSE’s dividend payout ratio is presently 7.41%.

Institutional Investors Weigh In On VSE

Institutional investors and hedge funds have recently modified their holdings of the business. Castleark Management LLC bought a new stake in shares of VSE in the fourth quarter valued at about $7,245,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in VSE by 53.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,202 shares of the construction company’s stock valued at $3,062,000 after buying an additional 11,153 shares during the period. Woodline Partners LP grew its stake in VSE by 148.6% in the 4th quarter. Woodline Partners LP now owns 112,840 shares of the construction company’s stock valued at $10,731,000 after acquiring an additional 67,452 shares during the period. Zimmer Partners LP acquired a new stake in shares of VSE in the fourth quarter worth approximately $3,328,000. Finally, Squarepoint Ops LLC acquired a new position in VSE during the fourth quarter worth about $1,157,000. 91.54% of the stock is owned by 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.