VSE Co. (VSEC) To Go Ex-Dividend on July 17th

VSE Co. (NASDAQ:VSEC) announced a quarterly dividend on Tuesday, May 21st, Zacks reports. Stockholders of record on Wednesday, July 17th will be paid a dividend of 0.10 per share by the construction company on Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Wednesday, July 17th.

VSE has increased its dividend payment by an average of 3.6% annually over the last three years. VSE has a dividend payout ratio of 8.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect VSE to earn $4.89 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 8.2%.

VSE Trading Up 0.4 %

Shares of VSEC stock opened at $89.20 on Monday. VSE has a 12 month low of $48.47 and a 12 month high of $91.73. The stock has a 50 day moving average of $82.91 and a two-hundred day moving average of $75.12. The company has a current ratio of 3.33, a quick ratio of 0.99 and a debt-to-equity ratio of 0.74.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.12. VSE had a net margin of 2.56% and a return on equity of 8.85%. The firm had revenue of $241.54 million for the quarter, compared to the consensus estimate of $242.42 million. On average, research analysts expect that VSE will post 3.47 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Benchmark raised their price target on shares of VSE from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Truist Financial boosted their price target on VSE from $86.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, May 10th. B. Riley upped their price target on VSE from $91.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Stifel Nicolaus initiated coverage on VSE in a research note on Friday, June 28th. They issued a “buy” rating and a $101.00 price target on the stock. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $92.80.

VSE Company Profile

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.