VSE (VSEC) Set to Announce Quarterly Earnings on Tuesday

VSE (NASDAQ:VSEC) will issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

VSE Price Performance

VSEC stock opened at $103.33 on Monday. The stock has a 50-day moving average price of $91.04 and a two-hundred day moving average price of $86.19. VSE has a 1 year low of $54.65 and a 1 year high of $108.30. The stock has a market cap of $1.90 billion, a PE ratio of 31.58 and a beta of 1.56. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55.

Insider Buying and Selling

In other VSE news, major shareholder Calvin Scott Koonce sold 9,300 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.90, for a total value of $836,070.00. Following the completion of the sale, the insider now owns 492,284 shares in the company, valued at $44,256,331.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 14.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on VSEC. Royal Bank of Canada boosted their target price on VSE from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of VSE in a research report on Friday, August 2nd. Truist Financial raised their target price on shares of VSE from $97.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group lifted their price target on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $107.83.

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.