VSE Corporation (VSEC) Posts Quarterly Earnings Results
VSE Corporation (NASDAQ:VSEC) posted its earnings results on Thursday, July 27th. The construction company reported $0.72 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $193.86 million during the quarter. VSE Corporation had a net margin of 3.77% and a return on equity of 11.32%.
VSE Corporation (NASDAQ VSEC) opened at 50.81 on Wednesday. The firm has a market cap of $550.68 million, a PE ratio of 18.82 and a beta of 1.81. VSE Corporation has a 12 month low of $26.16 and a 12 month high of $54.00. The stock’s 50 day moving average is $47.07 and its 200 day moving average is $42.56.
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In other news, Director Bonnie K. Wachtel sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the sale, the director now owns 123,352 shares in the company, valued at approximately $5,550,840. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.00% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of VSE Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. TheStreet raised shares of VSE Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st.
About VSE Corporation
VSE Corporation is a services and supply chain management company. The Company’s segments include Supply Chain Management Group, Aviation Group, Federal Services Group, and IT, Energy and Management Consulting Group. The Company provides logistics and distribution services for legacy systems and equipment and professional and technical services to the United States Government, including the United States Department of Defense (DoD), the United States Postal Service (USPS), federal civilian agencies, and commercial and other customers.
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