William Blair Weighs in on VSE Co.’s Q3 2024 Earnings (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – Equities researchers at William Blair upped their Q3 2024 earnings estimates for VSE in a research report issued on Tuesday, April 30th. William Blair analyst L. Dipalma now expects that the construction company will post earnings per share of $1.14 for the quarter, up from their prior estimate of $1.01. The consensus estimate for VSE’s current full-year earnings is $3.79 per share. William Blair also issued estimates for VSE’s Q4 2024 earnings at $1.17 EPS, FY2025 earnings at $5.09 EPS and FY2026 earnings at $5.21 EPS.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of VSE from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Benchmark reissued a “buy” rating and issued a $85.00 price objective on shares of VSE in a research report on Tuesday, April 16th. Finally, Truist Financial increased their price objective on shares of VSE from $77.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.25.

VSE Price Performance

Shares of VSEC opened at $82.90 on Friday. VSE has a 1-year low of $45.37 and a 1-year high of $83.14. The firm has a fifty day simple moving average of $77.32 and a two-hundred day simple moving average of $66.86. The company has a current ratio of 2.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.31 billion, a PE ratio of 34.54 and a beta of 1.68.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE’s dividend payout ratio is currently 16.67%.

Institutional Trading of VSE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of VSE by 18.1% during the third quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock worth $115,165,000 after purchasing an additional 350,313 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of VSE by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 784,606 shares of the construction company’s stock worth $50,694,000 after acquiring an additional 14,789 shares during the period. Vanguard Group Inc. lifted its holdings in shares of VSE by 17.5% in the 3rd quarter. Vanguard Group Inc. now owns 695,222 shares of the construction company’s stock valued at $35,067,000 after buying an additional 103,586 shares during the period. Jennison Associates LLC grew its holdings in VSE by 13.2% during the first quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock worth $44,912,000 after acquiring an additional 65,495 shares during the period. Finally, Juniper Investment Company LLC grew its holdings in VSE by 9.6% during the third quarter. Juniper Investment Company LLC now owns 362,363 shares of the construction company’s stock worth $18,278,000 after acquiring an additional 31,850 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.