VSE Co. Plans Quarterly Dividend of $0.10 (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC - Get Free Report) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders of record on Thursday, January 23rd will be paid a dividend of 0.10 per share by the construction company on Thursday, February 6th. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date is Thursday, January 23rd.

VSE has increased its dividend payment by an average of 3.6% annually over the last three years. VSE has a dividend payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect VSE to earn $4.51 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 8.9%.

VSE Stock Performance

NASDAQ VSEC traded down $0.24 during trading hours on Thursday, hitting $101.98. 325,085 shares of the company's stock traded hands, compared to its average volume of 153,107. VSE has a 52 week low of $57.10 and a 52 week high of $123.92. The firm has a market capitalization of $2.08 billion, a P/E ratio of 22.71 and a beta of 1.57. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The business's fifty day moving average price is $109.58 and its two-hundred day moving average price is $94.47.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. During the same period in the previous year, the company posted $0.92 EPS. Equities research analysts predict that VSE will post 2.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group boosted their target price on shares of VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Truist Financial boosted their price objective on VSE from $115.00 to $133.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. StockNews.com upgraded shares of VSE to a "sell" rating in a research report on Monday, December 9th. Finally, B. Riley raised their target price on shares of VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.50.

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.