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

VSE Co. (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, March 4th, RTT News reports. Shareholders of record on Thursday, May 1st will be given 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 yield of 0.35%.

VSE has raised its dividend by an average of 3.6% per year over the last three years. VSE has a dividend payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Up 2.2 %

Shares of NASDAQ VSEC traded up $2.51 during midday trading on Tuesday, reaching $115.93. 383,827 shares of the company’s stock were exchanged, compared to its average volume of 182,798. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. VSE has a 52-week low of $72.65 and a 52-week high of $123.92. The business’s fifty day moving average price is $100.69 and its two-hundred day moving average price is $99.97. The stock has a market capitalization of $2.37 billion, a PE ratio of 139.67 and a beta of 1.61.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. The company had revenue of $299.02 million for the quarter, compared to the consensus estimate of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. Analysts forecast that VSE will post 2.96 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank of Canada increased 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. StockNews.com upgraded shares of VSE to a “sell” rating in a research note on Wednesday, February 12th. Truist Financial lifted their price target on VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, B. Riley upped their price objective on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average 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.