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

VSE Co. (NASDAQ:VSEC) announced a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Investors of record on Thursday, January 23rd will be paid 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 is Thursday, January 23rd.

VSE has raised its dividend by an average of 3.6% per year over the last three years. VSE has a payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.2 %

Shares of VSE stock opened at $101.98 on Friday. VSE has a 1 year low of $57.10 and a 1 year high of $123.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The business has a 50 day moving average price of $109.58 and a 200 day moving average price of $94.47. The company has a market capitalization of $2.08 billion, a P/E ratio of 22.71 and a beta of 1.57.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $273.61 million during the quarter, compared to analysts’ expectations of $270.88 million. During the same period in the previous year, the company earned $0.92 EPS. Sell-side analysts anticipate that VSE will post 2.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VSEC has been the topic of a number of analyst reports. 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. Jefferies Financial Group lifted their target price on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. B. Riley upped their target price on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded VSE to a “sell” rating in a research report on Monday, December 9th. Finally, Truist Financial raised their target price on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, VSE presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.50.

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.