FY2024 EPS Estimates for VSE Co. Cut by Analyst (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – Equities research analysts at B. Riley dropped their FY2024 earnings per share (EPS) estimates for shares of VSE in a research note issued on Thursday, April 11th. B. Riley analyst J. Van. Sinderen now anticipates that the construction company will post earnings per share of $3.64 for the year, down from their previous estimate of $3.65. The consensus estimate for VSE’s current full-year earnings is $3.60 per share. B. Riley also issued estimates for VSE’s FY2025 earnings at $5.29 EPS.

Several other analysts have also recently commented on the company. Truist Financial raised their price target on VSE from $77.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. StockNews.com cut VSE from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Finally, Benchmark reissued a “buy” rating and issued a $85.00 price target on shares of VSE in a report on Tuesday. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, VSE presently has an average rating of “Moderate Buy” and an average target price of $78.25.

VSE Stock Down 0.2 %

VSEC opened at $77.52 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.70 and a quick ratio of 0.95. The business has a 50 day simple moving average of $75.07 and a 200-day simple moving average of $64.84. The stock has a market capitalization of $1.22 billion, a P/E ratio of 32.30 and a beta of 1.67. VSE has a 12 month low of $40.88 and a 12 month high of $83.00.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.52%. VSE’s dividend payout ratio is presently 16.67%.

Hedge Funds Weigh In On VSE

Hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Management LLC raised its holdings in shares of VSE by 54.2% in the first quarter. MetLife Investment Management LLC now owns 6,791 shares of the construction company’s stock worth $313,000 after acquiring an additional 2,386 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of VSE by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 683,380 shares of the construction company’s stock worth $31,497,000 after acquiring an additional 16,003 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of VSE by 4.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 76,595 shares of the construction company’s stock worth $3,531,000 after acquiring an additional 3,142 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of VSE in the first quarter worth $516,000. Finally, Invesco Ltd. raised its holdings in shares of VSE by 32.0% in the first quarter. Invesco Ltd. now owns 111,926 shares of the construction company’s stock worth $5,158,000 after acquiring an additional 27,146 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.