Q1 2024 EPS Estimates for VSE Co. Increased by William Blair (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – Equities research analysts at William Blair boosted their Q1 2024 earnings per share estimates for 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 equities analysts have also issued reports on the company. StockNews.com lowered VSE from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Benchmark reissued a “buy” rating and issued a $85.00 price target on shares of VSE in a research note on Tuesday. Finally, Truist Financial boosted their price target on VSE from $77.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, VSE currently has an average rating of “Moderate Buy” and a consensus price target of $78.25.

VSE Price Performance

Shares of VSEC opened at $76.67 on Thursday. VSE has a 52-week low of $41.17 and a 52-week high of $83.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 2.70. The business’s 50 day moving average price is $75.29 and its two-hundred day moving average price is $64.92. The firm has a market cap of $1.21 billion, a PE ratio of 31.95 and a beta of 1.67.

Hedge Funds Weigh In On VSE

Institutional investors have recently modified their holdings of the company. Jennison Associates LLC bought a new stake in VSE during the third quarter worth $22,203,000. FMR LLC grew its holdings in VSE by 18.1% during the third quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock worth $115,165,000 after buying an additional 350,313 shares in the last quarter. Vanguard Group Inc. grew its holdings in VSE by 17.5% during the third quarter. Vanguard Group Inc. now owns 695,222 shares of the construction company’s stock worth $35,067,000 after buying an additional 103,586 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in VSE by 489.2% during the third quarter. Ameriprise Financial Inc. now owns 121,800 shares of the construction company’s stock worth $6,144,000 after buying an additional 101,128 shares in the last quarter. Finally, Putnam Investments LLC bought a new stake in VSE during the first quarter worth $2,811,000. 91.54% of the stock is owned by institutional investors and hedge funds.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE’s payout ratio is 16.67%.

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.