VSE Corporation (NASDAQ:VSEC) Plans $0.10 Quarterly Dividend

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Thursday, August 6th. Investors of record on Thursday, October 15th will be paid a dividend of 0.10 per share by the construction company on Thursday, October 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 15th.

VSE has increased its dividend by an average of 0.0%per year over the last three years. VSE has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect VSE to earn $5.61 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 7.1%.

VSE Trading Down 3.8%

Shares of VSE stock traded down $8.66 during trading on Friday, reaching $216.78. 291,690 shares of the stock were exchanged, compared to its average volume of 572,136. The company has a quick ratio of 6.24, a current ratio of 8.78 and a debt-to-equity ratio of 0.12. VSE has a 1 year low of $152.55 and a 1 year high of $240.56. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 69.43, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The stock’s fifty day moving average is $204.14 and its 200 day moving average is $199.84.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.82. VSE had a net margin of 6.17% and a return on equity of 7.93%. The company had revenue of $449.14 million for the quarter, compared to analysts’ expectations of $425.03 million. During the same quarter in the previous year, the business posted $0.97 earnings per share. VSE’s quarterly revenue was up 65.0% on a year-over-year basis. As a group, equities research analysts expect that VSE will post 4.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Jefferies Financial Group set a $260.00 price objective on VSE in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $268.00 price objective on shares of VSE in a research note on Thursday, May 7th. Zacks Research raised shares of VSE from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, Morgan Stanley set a $230.00 target price on VSE in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $242.56.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.