William Blair Issues Positive Forecast for VSE Earnings

VSE Co. (NASDAQ:VSEC) – Analysts at William Blair increased their Q3 2024 earnings per share estimates for VSE in a report issued on Monday, October 21st. William Blair analyst L. Dipalma now forecasts that the construction company will post earnings of $0.62 per share for the quarter, up from their previous estimate 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.

A number of other research firms also recently issued reports on VSEC. Stifel Nicolaus assumed coverage on VSE in a research report on Friday, June 28th. They set a “buy” rating and a $101.00 price target for the company. Benchmark restated a “buy” rating and set a $100.00 price objective on shares of VSE in a research note on Friday, August 2nd. Jefferies Financial Group boosted their price objective on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their price objective on VSE from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Truist Financial boosted their price objective on VSE from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $107.83.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $101.34 on Wednesday. The company has a market cap of $1.62 billion, a P/E 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 52 week low of $52.01 and a 52 week high of $106.11. The business has a fifty day simple moving average of $88.95 and a 200-day simple moving average of $84.97.

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

Institutional Trading of VSE

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in VSE during the 2nd quarter worth $42,000. Park Avenue Securities LLC bought a new position in shares of VSE during the first quarter worth $221,000. Caprock Group LLC bought a new position in shares of VSE during the first quarter worth $241,000. Archer Investment Corp bought a new stake in VSE in the 2nd quarter valued at $247,000. Finally, Precision Wealth Strategies LLC bought a new stake in VSE in the 1st quarter valued at $280,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insiders Place Their Bets

In other VSE news, major shareholder Calvin Scott Koonce sold 9,300 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.90, for a total transaction of $836,070.00. Following the completion of the transaction, the insider now owns 492,284 shares in the company, valued at $44,256,331.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 14.60% of the company’s stock.

VSE Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, November 6th.

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.