VSE Corporation (VSEC) to Issue Quarterly Dividend of $0.10 on July 29th

VSE Corporation (NASDAQ:VSEC) announced a quarterly dividend on Thursday, May 7th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.10 per share by the construction company on Wednesday, July 29th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th.

VSE has raised its dividend by an average of 0.0%annually over the last three years. VSE has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect VSE to earn $5.80 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.9%.

VSE Trading Down 3.2%

Shares of VSE stock opened at $193.05 on Friday. The firm has a market capitalization of $5.42 billion, a PE ratio of 81.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25. The company has a current ratio of 3.76, a quick ratio of 1.43 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $197.71 and its 200 day moving average is $191.19. VSE has a 1 year low of $123.69 and a 1 year high of $232.61.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Tuesday, May 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.24. The company had revenue of $324.58 million for the quarter, compared to analyst estimates of $309.19 million. VSE had a net margin of 4.95% and a return on equity of 8.78%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. Equities research analysts forecast that VSE will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $268.00 target price on shares of VSE in a research report on Thursday. Zacks Research upgraded shares of VSE from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Truist Financial upgraded shares of VSE to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group assumed coverage on shares of VSE in a research report on Tuesday. They set a “buy” rating and a $210.00 target price on the stock. Finally, Royal Bank Of Canada lifted their target price on shares of VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $234.75.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.