VSE Corp. Rating Lowered to Neutral at Zacks (VSEC)
VSE Corp. (NASDAQ:VSEC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Monday, Stock Ratings Network reports. They currently have a $54.20 price objective on the stock. Zacks‘ price target would suggest a potential upside of 11.59% from the company’s current price.
VSE Corp. (NASDAQ:VSEC) traded down 2.53% on Monday, hitting $47.34. The stock had a trading volume of 20,694 shares. VSE Corp. has a 52 week low of $22.05 and a 52 week high of $52.67. The stock’s 50-day moving average is $48.26 and its 200-day moving average is $46.0. The company has a market cap of $252.5 million and a price-to-earnings ratio of 13.10.
VSE Corp. (NASDAQ:VSEC) last announced its earnings results on Wednesday, October 30th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.19. The company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $107.40 million. Analysts expect that VSE Corp. will post $4.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 19th. Investors of record on Wednesday, February 5th will be given a dividend of 0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Monday, February 3rd.
VSE Corporation (NASDAQ:VSEC) serves as a centralized management and consolidating entity for its business operations.
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