VSE Corporation (VSEC) To Go Ex-Dividend on October 15th

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Thursday, August 6th. Investors of record on Thursday, October 15th will be paid a dividend of 0.10 per share by the construction company on Thursday, October 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, October 15th.

VSE has increased its dividend payment by an average of 0.0%per year over the last three years. VSE has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect VSE to earn $5.61 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 7.1%.

VSE Price Performance

VSEC stock opened at $218.18 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 6.24 and a current ratio of 3.77. The firm has a 50 day moving average price of $204.80 and a 200-day moving average price of $199.97. VSE has a 52-week low of $152.55 and a 52-week high of $240.56. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 69.93, a PEG ratio of 2.52 and a beta of 1.23.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.82. The company had revenue of $449.14 million for the quarter, compared to analysts’ expectations of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. VSE’s revenue was up 65.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. Equities research analysts forecast that VSE will post 4.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VSEC shares. Morgan Stanley set a $230.00 price objective on VSE in a research report on Wednesday, July 15th. Citigroup reissued a “buy” rating on shares of VSE in a research note on Wednesday, July 1st. Truist Financial upgraded VSE to a “strong-buy” rating in a report on Friday, May 1st. Jefferies Financial Group set a $260.00 target price on VSE in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada raised their target price on shares of VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, VSE has an average rating of “Buy” and a consensus price target of $242.56.

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.