VSE Corporation (VSEC) To Go Ex-Dividend on January 15th

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, January 15th will be paid a dividend of $0.10 per share by the construction company on Friday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, January 15th.

VSE has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect VSE to earn $8.00 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 5.0%.

VSE Trading Up 0.6%

VSE stock opened at $163.96 on Thursday. The stock has a market cap of $4.60 billion, a PE ratio of 52.55, a P/E/G ratio of 0.67 and a beta of 1.26. VSE has a 52 week low of $138.85 and a 52 week high of $247.85. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $175.24 and a 200 day moving average price of $195.50.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, November 4th. The construction company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.25. VSE had a return on equity of 6.71% and a net margin of 6.17%. The business had revenue of $541.01 million during the quarter, compared to the consensus estimate of $512.13 million. During the same quarter in the previous year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was up 91.2% on a year-over-year basis. Equities research analysts predict that VSE will post 6.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Royal Bank Of Canada reduced their price target on VSE from $265.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th. Guggenheim initiated coverage on shares of VSE in a research report on Monday, September 14th. They issued a “neutral” rating for the company. Stifel Nicolaus lifted their price objective on shares of VSE from $245.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Morgan Stanley reduced their target price on shares of VSE from $245.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Finally, B. Riley Financial decreased their target price on shares of VSE from $280.00 to $265.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, VSE presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.38.

VSE Company Profile

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.