VSE (NASDAQ:VSEC) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

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

VSE Trading Up 3.0 %

NASDAQ:VSEC traded up $3.38 on Friday, hitting $117.80. 147,819 shares of the stock were exchanged, compared to its average volume of 146,765. The stock has a fifty day moving average of $93.09 and a 200-day moving average of $87.36. The stock has a market cap of $2.17 billion, a PE ratio of 35.84 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. VSE has a fifty-two week low of $57.10 and a fifty-two week high of $118.94.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VSEC. B. Riley upped their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday. Benchmark restated a “buy” rating and set a $100.00 price objective on shares of VSE in a report on Friday, August 2nd. Royal Bank of Canada lifted their price objective on VSE from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. StockNews.com upgraded VSE to a “sell” rating in a research report on Thursday. Finally, Jefferies Financial Group lifted their price target on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

Insider Activity

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the transaction, the insider now owns 463,284 shares in the company, valued at approximately $42,543,369.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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.