VSE Co. (VSEC) To Go Ex-Dividend on May 1st

VSE Co. (NASDAQ:VSEC) announced a quarterly dividend on Tuesday, March 4th, RTT News reports. Stockholders of record on Thursday, May 1st will be paid a dividend of 0.10 per share by the construction company on Thursday, May 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, May 1st.

VSE has raised its dividend payment by an average of 3.6% annually over the last three years. VSE has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect VSE to earn $4.55 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 8.8%.

VSE Stock Performance

Shares of NASDAQ:VSEC opened at $118.15 on Thursday. 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’s 50 day moving average price is $101.04 and its 200-day moving average price is $100.16. The firm has a market capitalization of $2.41 billion, a PE ratio of 142.35 and a beta of 1.61. VSE has a 1 year low of $72.74 and a 1 year high of $123.92.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. The firm had revenue of $299.02 million for the quarter, compared to analyst estimates of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. As a group, equities research analysts expect that VSE will post 2.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VSEC has been the topic of several recent research reports. StockNews.com upgraded VSE to a “sell” rating in a report on Thursday. B. Riley increased their price objective on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial raised their price objective on VSE from $129.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada raised their price target on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.67.

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.