VSE Co. to Issue Quarterly Dividend of $0.10 (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders of record on Thursday, January 23rd will be given a dividend of 0.10 per share by the construction company on Thursday, February 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 23rd.

VSE has raised its dividend by an average of 3.6% annually over the last three years. VSE has a dividend payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect VSE to earn $4.51 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 8.9%.

VSE Stock Performance

Shares of NASDAQ:VSEC traded down $0.27 during midday trading on Thursday, hitting $101.95. The company’s stock had a trading volume of 284,737 shares, compared to its average volume of 152,842. VSE has a fifty-two week low of $57.10 and a fifty-two week high of $123.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 22.71 and a beta of 1.57. The stock’s 50 day simple moving average is $109.29 and its 200 day simple moving average is $94.42.

VSE (NASDAQ:VSEC) last announced its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, research analysts anticipate that VSE will post 2.92 earnings per share for the current year.

Wall Street Analyst Weigh In

VSEC has been the topic of a number of recent research reports. Royal Bank of Canada lifted their target price on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Truist Financial lifted their price objective on VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. B. Riley lifted their price target on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of VSE to a “sell” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group lifted their target price on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and an average price target of $118.50.

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.