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

VSE Co. (NASDAQ:VSEC - Free Report) - Research analysts at William Blair raised their FY2024 earnings per share estimates for VSE in a report released on Monday, January 27th. William Blair analyst L. Dipalma now anticipates that the construction company will post earnings of $2.90 per share for the year, up from their prior forecast of $2.87. The consensus estimate for VSE's current full-year earnings is $2.96 per share. William Blair also issued estimates for VSE's Q4 2024 earnings at $0.68 EPS.

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

VSEC has been the subject of a number of other reports. StockNews.com raised VSE to a "sell" rating in a research note on Tuesday. Truist Financial dropped their target price on VSE from $133.00 to $129.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. B. Riley increased their price target on shares of VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on shares of VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Finally, Jefferies Financial Group upped their target price on shares of VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $117.83.

VSE Stock Down 0.7 %

VSE stock traded down $0.70 during trading on Tuesday, hitting $102.35. The company had a trading volume of 169,202 shares, compared to its average volume of 234,615. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. VSE has a 1-year low of $59.18 and a 1-year high of $123.92. The company's 50 day simple moving average is $104.36 and its 200-day simple moving average is $97.23.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 23rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%.

Hedge Funds Weigh In On VSE

Institutional investors and hedge funds have recently modified their holdings of the company. Lord Abbett & CO. LLC lifted its holdings in VSE by 24.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company's stock worth $18,544,000 after buying an additional 44,662 shares during the last quarter. Geode Capital Management LLC lifted its stake in VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company's stock worth $31,669,000 after purchasing an additional 42,637 shares during the last quarter. Barclays PLC lifted its stake in VSE by 711.2% during the third quarter. Barclays PLC now owns 40,770 shares of the construction company's stock worth $3,374,000 after purchasing an additional 35,744 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in VSE by 14.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company's stock valued at $13,511,000 after purchasing an additional 20,114 shares in the last quarter. Finally, State Street Corp increased its stake in VSE by 5.2% in the third quarter. State Street Corp now owns 323,830 shares of the construction company's stock valued at $26,790,000 after purchasing an additional 15,931 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

About VSE

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.