Q4 2024 Earnings Forecast for VSE Co. Issued By B. Riley (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – Research analysts at B. Riley reduced their Q4 2024 earnings estimates for VSE in a research note issued to investors on Friday, August 2nd. B. Riley analyst J. Van. Sinderen now forecasts that the construction company will earn $0.88 per share for the quarter, down from their previous forecast of $0.91. B. Riley currently has a “Buy” rating and a $101.00 target price on the stock. The consensus estimate for VSE’s current full-year earnings is $3.13 per share.

VSEC has been the subject of a number of other research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of VSE in a research report on Thursday, August 1st. Truist Financial increased their target price on shares of VSE from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Stifel Nicolaus started coverage on shares of VSE in a research report on Friday, June 28th. They set a “buy” rating and a $101.00 price target on the stock. Finally, Benchmark restated a “buy” rating and set a $100.00 price objective on shares of VSE in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.80.

VSE Stock Up 3.8 %

VSEC stock opened at $80.07 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.33 and a quick ratio of 0.99. The stock has a market capitalization of $1.28 billion, a P/E ratio of 25.90 and a beta of 1.59. VSE has a fifty-two week low of $48.47 and a fifty-two week high of $94.10. The business has a 50-day moving average of $85.89 and a 200-day moving average of $78.39.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, May 8th. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.12. The firm had revenue of $241.54 million during the quarter, compared to analysts’ expectations of $242.42 million. VSE had a return on equity of 8.41% and a net margin of 1.21%.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.50%.

Institutional Investors Weigh In On VSE

Hedge funds have recently bought and sold shares of the company. Arizona State Retirement System increased its position in VSE by 22.9% during the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock worth $399,000 after buying an additional 842 shares during the last quarter. Archer Investment Corp acquired a new position in shares of VSE during the 2nd quarter worth approximately $247,000. Rhumbline Advisers increased its holdings in shares of VSE by 8.2% during the 2nd quarter. Rhumbline Advisers now owns 21,706 shares of the construction company’s stock worth $1,916,000 after acquiring an additional 1,650 shares during the last quarter. Wisconsin Capital Management LLC raised its stake in VSE by 27.3% in the 2nd quarter. Wisconsin Capital Management LLC now owns 50,650 shares of the construction company’s stock valued at $4,471,000 after acquiring an additional 10,850 shares during the period. Finally, Lisanti Capital Growth LLC lifted its holdings in VSE by 14.3% during the 2nd quarter. Lisanti Capital Growth LLC now owns 50,940 shares of the construction company’s stock valued at $4,497,000 after purchasing an additional 6,370 shares during the last quarter. 91.54% of the stock is currently 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.