VSE (NASDAQ:VSEC) Announces Earnings Results

VSE (NASDAQ:VSEC) issued its quarterly earnings results on Wednesday. The construction company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08, Zacks reports. VSE had a net margin of 1.36% and a return on equity of 7.58%. The firm had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. During the same quarter in the prior year, the firm earned $0.92 EPS.

VSE Trading Up 3.0 %

VSEC stock traded up $3.38 during trading on Friday, hitting $117.80. 147,819 shares of the company traded hands, compared to its average volume of 146,765. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53. The company has a 50-day moving average of $93.09 and a 200-day moving average of $87.36. The firm has a market capitalization of $2.17 billion, a PE ratio of 35.84 and a beta of 1.56. VSE has a 1 year low of $57.10 and a 1 year high of $118.94.

Analysts Set New Price Targets

A number of research analysts recently commented on VSEC shares. Truist Financial increased their target price on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com upgraded VSE to a “sell” rating in a research report on Thursday. B. Riley raised their price objective on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $100.00 target price on shares of VSE in a research note on Friday, August 2nd. Finally, Royal Bank of Canada lifted their price target on shares of VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday. One 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 has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Insider Buying and Selling at VSE

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 transaction of $836,070.00. Following the completion of the sale, the insider now owns 492,284 shares of the company’s stock, valued at $44,256,331.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 14.60% of the company’s stock.

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.