VSE Co. (VSEC) To Go Ex-Dividend on January 23rd

VSE Co. (NASDAQ:VSEC) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders 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 dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, January 23rd.

VSE has raised its dividend by an average of 3.6% per year over the last three years. VSE has a payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect VSE to earn $4.51 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 8.9%.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $99.48 on Friday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 22.16 and a beta of 1.57. 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 has a 12 month low of $57.10 and a 12 month high of $123.92. The stock’s 50 day moving average price is $109.88 and its 200 day moving average price is $94.53.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.08. The business had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Equities research analysts anticipate that VSE will post 2.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on VSEC. B. Riley boosted their target price on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group increased their price objective on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Truist Financial raised their price objective on VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded VSE to a “sell” rating in a report on Monday, December 9th. Finally, Royal Bank of Canada raised their target price on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.50.

About VSE

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.