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

VSE Co. (NASDAQ:VSEC) announced a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Thursday, January 23rd will be given a dividend of 0.10 per share by the construction company on Thursday, February 6th. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date is Thursday, January 23rd.

VSE has increased its dividend by an average of 3.6% per year over the last three years. VSE has a dividend payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect VSE to earn $4.54 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 Up 1.6 %

Shares of VSEC opened at $103.38 on Tuesday. The company’s 50-day moving average is $106.37 and its 200-day moving average is $96.48. VSE has a fifty-two week low of $57.45 and a fifty-two week high of $123.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

VSE (NASDAQ:VSEC) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $273.61 million for the quarter, compared to the consensus estimate of $270.88 million. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, equities research analysts anticipate that VSE will post 2.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. StockNews.com upgraded shares of VSE to a “sell” rating in a research note on Monday, December 9th. Royal Bank of Canada increased their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. B. Riley raised their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Truist Financial dropped their price objective on shares of VSE from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.83.

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.