VSE Co. (NASDAQ:VSEC - Free Report) - Research analysts at William Blair upped their Q3 2024 earnings estimates for VSE in a note issued to investors 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 prior 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.
Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus began coverage on shares of VSE in a research report on Friday, June 28th. They set a "buy" rating and a $101.00 price objective for the company. Benchmark reiterated 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 raised their target price on VSE from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Truist Financial boosted their price target on VSE from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their target price on VSE from $100.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, VSE currently has an average rating of "Moderate Buy" and an average price target of $107.83.
Read Our Latest Stock Analysis on VSE
VSE Stock Down 0.4 %
Shares of VSE stock traded down $0.38 on Wednesday, reaching $101.34. 164,652 shares of the company were exchanged, compared to its average volume of 143,785. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 31.20 and a beta of 1.60. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average of $88.70 and a 200 day moving average of $84.85. VSE has a one year low of $52.01 and a one year high of $106.11.
VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) 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 the consensus estimate of $256.60 million. VSE had a return on equity of 7.87% and a net margin of 1.21%.
VSE Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%.
Insider Activity at VSE
In other news, major shareholder Calvin Scott Koonce sold 9,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total value of $836,070.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 14.60% of the stock is owned by insiders.
Hedge Funds Weigh In On VSE
Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of VSE by 11.9% in the first quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company's stock worth $7,220,000 after acquiring an additional 9,608 shares during the period. Lisanti Capital Growth LLC purchased a new position in shares of VSE during the first quarter worth about $3,566,000. Jennison Associates LLC grew its holdings in shares of VSE by 13.2% during the first quarter. Jennison Associates LLC now owns 561,397 shares of the construction company's stock worth $44,912,000 after purchasing an additional 65,495 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new position in VSE in the 1st quarter worth approximately $3,072,000. Finally, Capital Research Global Investors purchased a new stake in VSE during the first quarter valued at about $81,623,000. Institutional investors own 91.54% of the company's stock.
VSE Company Profile
(
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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.
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