FY2024 Earnings Estimate for VSE Issued By B. Riley

VSE Co. (NASDAQ:VSEC) – Equities researchers at B. Riley issued their FY2024 earnings per share (EPS) estimates for shares of VSE in a research report issued to clients and investors on Monday, February 24th. B. Riley analyst J. Van. Sinderen forecasts that the construction company will post earnings of $2.90 per share for the year. B. Riley has a “Buy” rating and a $132.00 price objective on the stock. The consensus estimate for VSE’s current full-year earnings is $2.96 per share. B. Riley also issued estimates for VSE’s FY2025 earnings at $2.94 EPS, FY2026 earnings at $4.69 EPS and FY2027 earnings at $6.80 EPS.

Several other brokerages have also recently commented on VSEC. StockNews.com upgraded shares of VSE to a “sell” rating in a research report on Wednesday, February 12th. Royal Bank of Canada lifted their price objective on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Truist Financial cut their target price on VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.83.

VSE Stock Up 2.6 %

VSEC stock opened at $100.56 on Wednesday. VSE has a 52 week low of $70.61 and a 52 week high of $123.92. The business has a 50-day simple moving average of $99.71 and a 200 day simple moving average of $99.24. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.05 billion, a PE ratio of 18.62 and a beta of 1.61.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, January 23rd. VSE’s payout ratio is 7.41%.

Institutional Trading of VSE

Hedge funds have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC boosted its holdings in shares of VSE by 24.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock valued at $18,544,000 after acquiring an additional 44,662 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock worth $31,669,000 after purchasing an additional 42,637 shares during the last quarter. Barclays PLC grew its holdings in shares of VSE by 711.2% during the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock worth $3,374,000 after purchasing an additional 35,744 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of VSE by 14.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock valued at $13,511,000 after buying an additional 20,114 shares during the period. Finally, State Street Corp raised its holdings in VSE by 5.2% in the 3rd quarter. State Street Corp now owns 323,830 shares of the construction company’s stock valued at $26,790,000 after buying an additional 15,931 shares during the last quarter. Institutional investors and hedge funds 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.