VSE (NASDAQ:VSEC) Issues Quarterly Earnings Results

VSE (NASDAQ:VSEC - Get Free Report) posted its quarterly earnings results on Wednesday. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08, Zacks reports. VSE had a net margin of 1.36% and a return on equity of 7.58%. The company had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share.

VSE Trading Up 3.0 %

Shares of VSE stock traded up $3.38 during trading on Friday, reaching $117.80. The company's stock had a trading volume of 147,819 shares, compared to its average volume of 146,765. VSE has a 52-week low of $57.10 and a 52-week high of $118.94. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 35.84 and a beta of 1.56. The firm's 50-day moving average is $93.09 and its two-hundred day moving average is $87.36. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55.

Analyst Upgrades and Downgrades

VSEC has been the topic of several research reports. Truist Financial boosted their price target on shares of VSE from $115.00 to $133.00 and gave the company a "buy" rating in a research report on Thursday. Jefferies Financial Group boosted their price objective on shares of VSE from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. StockNews.com raised shares of VSE to a "sell" rating in a research note on Thursday. B. Riley boosted their price objective on shares of VSE from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Benchmark reissued a "buy" rating and issued a $100.00 price target on shares of VSE in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.83.

Insider Activity

In other news, major shareholder Calvin Scott Koonce sold 9,300 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.90, for a total value of $836,070.00. Following the completion of the sale, the insider now owns 492,284 shares of the company's stock, valued at approximately $44,256,331.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 14.60% of the stock is owned by corporate insiders.

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.