VSE (NASDAQ:VSEC) Announces Earnings Results, Beats Estimates By $0.25 EPS

VSE (NASDAQ:VSEC) released its quarterly earnings results on Wednesday. The construction company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.25, FiscalAI reports. The firm had revenue of $541.01 million for the quarter, compared to analysts’ expectations of $512.13 million. VSE had a net margin of 6.17% and a return on equity of 6.71%.

VSE Trading Up 0.6%

VSEC traded up $1.00 during midday trading on Wednesday, hitting $163.96. 749,806 shares of the company were exchanged, compared to its average volume of 534,177. The firm has a market capitalization of $4.60 billion, a P/E ratio of 52.55, a P/E/G ratio of 0.65 and a beta of 1.26. VSE has a 1-year low of $138.85 and a 1-year high of $247.85. The firm’s 50 day moving average price is $176.32 and its 200-day moving average price is $195.73. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE’s dividend payout ratio (DPR) is presently 12.82%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VSEC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of VSE in a research note on Friday, October 16th. Stifel Nicolaus raised their price objective on VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada dropped their price objective on VSE from $265.00 to $220.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Citigroup reiterated a “buy” rating on shares of VSE in a research report on Wednesday, October 7th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $275.00 target price on shares of VSE in a report on Sunday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $253.38.

Insider Buying and Selling

In other news, CEO John Cuomo sold 1,566 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $187.49, for a total transaction of $293,609.34. Following the completion of the sale, the chief executive officer directly owned 167,971 shares in the company, valued at $31,492,882.79. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by insiders.

VSE Company Profile

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.