VSE (NASDAQ:VSEC) Issues Earnings Results, Beats Expectations By $0.24 EPS

VSE (NASDAQ:VSEC) announced its earnings results on Tuesday. The construction company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.24, FiscalAI reports. The firm had revenue of $324.58 million during the quarter, compared to the consensus estimate of $309.19 million. VSE had a net margin of 1.84% and a return on equity of 7.60%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS.

VSE Price Performance

VSEC opened at $177.43 on Wednesday. VSE has a 1 year low of $112.50 and a 1 year high of $232.61. The company’s 50 day simple moving average is $198.50 and its 200 day simple moving average is $190.55. The stock has a market capitalization of $4.98 billion, a PE ratio of 199.36, a P/E/G ratio of 1.54 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.43 and a current ratio of 3.76.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE’s dividend payout ratio (DPR) is currently 44.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VSEC shares. Jefferies Financial Group initiated coverage on shares of VSE in a report on Tuesday. They set a “buy” rating and a $210.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of VSE in a research report on Friday, April 24th. Zacks Research raised shares of VSE from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Truist Financial raised VSE to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada decreased their price objective on VSE from $250.00 to $220.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $223.13.

Hedge Funds Weigh In On VSE

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of VSE by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock valued at $41,563,000 after purchasing an additional 32,489 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of VSE by 11.1% during the 4th quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock worth $47,488,000 after buying an additional 27,448 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of VSE by 56.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,422 shares of the construction company’s stock worth $6,050,000 after buying an additional 18,220 shares during the last quarter. Royal Bank of Canada raised its position in shares of VSE by 34.2% in the 1st quarter. Royal Bank of Canada now owns 13,139 shares of the construction company’s stock worth $1,576,000 after buying an additional 3,350 shares during the period. Finally, AQR Capital Management LLC purchased a new position in shares of VSE in the 1st quarter worth $247,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.