SunTrust Banks Comments on VSE Co.’s Q2 2020 Earnings (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – Analysts at SunTrust Banks issued their Q2 2020 earnings per share estimates for shares of VSE in a research report issued on Wednesday, June 24th. SunTrust Banks analyst M. Ciarmoli expects that the construction company will earn ($0.07) per share for the quarter. SunTrust Banks has a “Buy” rating and a $38.00 price objective on the stock. SunTrust Banks also issued estimates for VSE’s Q3 2020 earnings at $0.12 EPS, Q4 2020 earnings at $0.29 EPS, FY2020 earnings at $1.22 EPS, FY2021 earnings at $2.50 EPS and FY2022 earnings at $3.18 EPS.

A number of other analysts have also recently commented on VSEC. Benchmark assumed coverage on shares of VSE in a report on Wednesday, May 27th. They set a “buy” rating and a $36.00 target price on the stock. BidaskClub upgraded shares of VSE from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, ValuEngine cut shares of VSE from a “sell” rating to a “strong sell” rating in a report on Monday, May 18th.

Shares of VSEC stock opened at $30.98 on Monday. VSE has a 12 month low of $13.83 and a 12 month high of $41.14. The stock has a market cap of $325.22 million, a PE ratio of 10.19 and a beta of 1.83. The company has a current ratio of 2.63, a quick ratio of 1.02 and a debt-to-equity ratio of 0.77. The company’s fifty day moving average price is $26.18 and its 200-day moving average price is $27.17.

VSE (NASDAQ:VSEC) last announced its earnings results on Thursday, April 30th. The construction company reported $0.88 EPS for the quarter. VSE had a net margin of 4.44% and a return on equity of 11.24%. The firm had revenue of $177.42 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, July 14th. VSE’s payout ratio is 10.75%.

A number of institutional investors have recently made changes to their positions in the stock. First Wilshire Securities Management Inc. boosted its stake in VSE by 30.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 77,408 shares of the construction company’s stock worth $1,269,000 after purchasing an additional 17,945 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of VSE by 29.6% during the 1st quarter. Wells Fargo & Company MN now owns 20,858 shares of the construction company’s stock valued at $342,000 after acquiring an additional 4,764 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of VSE by 5.4% during the 1st quarter. Geode Capital Management LLC now owns 127,614 shares of the construction company’s stock valued at $2,091,000 after acquiring an additional 6,488 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of VSE by 30.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,703 shares of the construction company’s stock valued at $44,000 after acquiring an additional 630 shares during the last quarter. Finally, Sontag Advisory LLC bought a new position in shares of VSE during the 1st quarter valued at approximately $377,000. Institutional investors own 72.77% of the company’s stock.

VSE Company Profile

VSE Corporation operates as a diversified services and supply company in the United States. The company operates in three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management.

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