VSE Co. (NASDAQ:VSEC) Announces $0.10 Quarterly Dividend

VSE Co. (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, March 4th, RTT News reports. Investors of record on Thursday, May 1st will be paid 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% annually over the last three years. VSE has a payout ratio of 7.8% indicating that 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 Performance

VSEC stock traded up $2.51 during mid-day trading on Tuesday, reaching $115.93. The company had a trading volume of 383,827 shares, compared to its average volume of 182,798. The stock’s 50-day simple moving average is $100.69 and its two-hundred day simple moving average is $99.97. The stock has a market capitalization of $2.37 billion, a P/E ratio of 139.67 and a beta of 1.61. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. VSE has a one year low of $72.65 and a one year high of $123.92.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. Research analysts anticipate that VSE will post 2.96 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VSEC shares. Royal Bank of Canada increased their price objective on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. StockNews.com raised VSE to a “sell” rating in a research note on Wednesday, February 12th. Truist Financial lifted their price objective on shares of VSE from $129.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, B. Riley upped their price objective on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.67.

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.