What is William Blair's Forecast for VSE FY2024 Earnings?

VSE Co. (NASDAQ:VSEC - Free Report) - Stock analysts at William Blair cut their FY2024 EPS estimates for VSE in a research note issued to investors on Wednesday, November 6th. William Blair analyst L. Dipalma now forecasts that the construction company will post earnings of $2.87 per share for the year, down from their prior forecast of $2.89. The consensus estimate for VSE's current full-year earnings is $2.96 per share.

VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. The company had revenue of $273.61 million for the quarter, compared to the consensus estimate of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same period in the previous year, the firm earned $0.92 earnings per share.

Other equities research analysts also recently issued reports about the stock. B. Riley boosted their price target on shares of VSE from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Thursday. Jefferies Financial Group boosted their price target 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. Royal Bank of Canada lifted their price objective on shares of VSE from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday. Benchmark restated a "buy" rating and issued a $100.00 price objective on shares of VSE in a report on Friday, August 2nd. Finally, Truist Financial increased their price objective on shares of VSE from $115.00 to $133.00 and gave the company a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, VSE presently has a consensus rating of "Moderate Buy" and an average price target of $116.83.

VSE Trading Up 2.5 %

Shares of VSE stock traded up $2.99 on Monday, reaching $120.79. The company had a trading volume of 157,459 shares, compared to its average volume of 146,814. The firm's 50 day moving average price is $93.65 and its two-hundred day moving average price is $87.80. The firm has a market cap of $2.47 billion, a PE ratio of 36.25 and a beta of 1.56. VSE has a 52-week low of $57.10 and a 52-week high of $120.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.17 and a current ratio of 3.69.

Insider Buying and Selling

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the sale, the insider now owns 463,284 shares in the company, valued at approximately $42,543,369.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On VSE

Several hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of VSE in the second quarter worth approximately $42,000. US Bancorp DE lifted its position in VSE by 1,180.2% during the third quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock valued at $214,000 after buying an additional 2,384 shares in the last quarter. Archer Investment Corp acquired a new position in VSE during the second quarter valued at approximately $247,000. Park Avenue Securities LLC lifted its position in VSE by 13.8% during the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company's stock valued at $316,000 after buying an additional 464 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in VSE by 22.9% during the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company's stock valued at $399,000 after buying an additional 842 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.