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

VSE Co. (NASDAQ:VSEC) – Equities research analysts at William Blair upped their FY2024 earnings estimates for VSE in a report released on Monday, January 27th. William Blair analyst L. Dipalma now expects that the construction company will post earnings per share of $2.90 for the year, up from their previous estimate of $2.87. The consensus estimate for VSE’s current full-year earnings is $2.95 per share. William Blair also issued estimates for VSE’s Q4 2024 earnings at $0.68 EPS.

Several other brokerages also recently weighed in on VSEC. StockNews.com upgraded VSE to a “sell” rating in a research note on Tuesday. Royal Bank of Canada upped their price target on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Jefferies Financial Group raised their price objective on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Truist Financial reduced their price target on shares of VSE from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, B. Riley boosted their price objective on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.83.

VSE Price Performance

NASDAQ VSEC opened at $102.88 on Tuesday. The company’s fifty day simple moving average is $104.57 and its 200-day simple moving average is $97.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. VSE has a 52 week low of $59.18 and a 52 week high of $123.92.

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

VSE Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in shares of VSE in the 3rd quarter worth $155,000. KFA Private Wealth Group LLC acquired a new position in VSE during the fourth quarter worth about $209,000. US Bancorp DE raised its position in VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after acquiring an additional 2,384 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in VSE by 4.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after acquiring an additional 134 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of VSE by 13.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after purchasing an additional 464 shares in 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.