William Blair Brokers Decrease Earnings Estimates for VSE

VSE Co. (NASDAQ:VSEC) – Equities research analysts at William Blair reduced their FY2024 earnings estimates for shares of VSE in a report released on Wednesday, November 6th. William Blair analyst L. Dipalma now forecasts that the construction company will post earnings of $2.87 per share for the year, down from their previous forecast of $2.89. The consensus estimate for VSE’s current full-year earnings is $2.96 per share.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The business had revenue of $273.61 million for 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 in the prior year, the company posted $0.92 earnings per share.

Several other analysts have also issued reports on the stock. Royal Bank of Canada upped their price target on shares of VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $100.00 target price on shares of VSE in a report on Friday, August 2nd. Truist Financial raised their target price on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group boosted their price target on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, B. Riley lifted their target price on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, VSE has an average rating of “Moderate Buy” and a consensus target price of $116.83.

VSE Trading Up 0.3 %

Shares of VSE stock opened at $121.16 on Monday. The stock has a market cap of $2.47 billion, a P/E ratio of 35.21 and a beta of 1.56. The company has a quick ratio of 1.17, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. VSE has a 12-month low of $57.10 and a 12-month high of $121.60. The business’s 50 day moving average is $94.32 and its 200-day moving average is $88.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital Research Global Investors bought a new position in shares of VSE in the first quarter worth $81,623,000. AltraVue Capital LLC bought a new stake in shares of VSE during the 2nd quarter worth approximately $48,343,000. Primecap Management Co. CA acquired a new stake in shares of VSE during the 3rd quarter worth approximately $11,016,000. Allspring Global Investments Holdings LLC bought a new position in VSE in the second quarter valued at approximately $10,326,000. Finally, Hennessy Advisors Inc. acquired a new position in VSE during the second quarter valued at approximately $9,388,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Calvin Scott Koonce sold 9,300 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total value of $836,070.00. Following the completion of the sale, the insider now directly owns 492,284 shares in the company, valued at $44,256,331.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 14.60% 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.