Hot Stock Buzz: VSE Corporation (NASDAQ: VSEC)

Carlos Williams

I am Carlos Williams and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions.

I am the driving force behind News Perception with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Services” category.

Address: 1411 Tully Street Detroit, MI 48219, USA
Phone: (+1) 313-676-2812
Email: Carloswilliams@newsperception.com
Carlos Williams

ALEXANDRIA, Va., October 27, 2019 – Shares of VSE Corporation (NASDAQ: VSEC) lost -0.03% to $32.78. The stock traded total volume of 3.290K shares lower than the average volume of 23.20K shares.

VSE Corporation (NASDAQ: VSEC) reported revenues of $169.90M in the first quarter of 2019 compared to $176.90M in the first quarter of 2018. The decrease in revenues is primarily attributable to our Federal Services and Supply Chain Management groups. The decrease was partially offset by an increase in revenue from our Aviation Group, which was primarily attributable to revenues from our 1st Choice Aerospace acquisition and increased parts distribution sales in our international markets.

Operating income was $11.80M for the first quarter of 2019 compared to $11.60M in the first quarter of 2018. The operating income increase was primarily attributable to our Aviation Group, and margin improvements in our Federal Services Group. Operating income for the first quarter of 2019 was reduced by non-recurring costs associated with our CEO transition and the acquisition of 1st Choice Aerospace.

Net income was $6.60M for the first quarter of 2019, or $0.60 per diluted share, compared to $7.10M, or $0.65 per diluted share for the first quarter of 2018. The decrease in net income is primarily attributable to increased interest expense.

Bookings in our Federal Services Group were $51.0M for the first three months of 2019 compared to revenue for this group of $69.0M. Funded contract backlog at March 31, 2019 was $278.0M, compared to $290.0M at December 31, 2018 and $261.0M at March 31, 2018.

Capital Expenditures:

Purchases of property and equipment were $601.0K for the first quarter of 2019 compared to $1.10M for the first quarter of 2018.

VSEC has the market capitalization of $362.55M and its EPS growth ratio for the past five years was 6.90%. The return on assets ratio of the Company was 4.90% while its return on investment ratio stands at 8.50%. Price to sales ratio was 0.51 while 69.20% of the stock was owned by institutional investors.

Carlos Williams

Carlos Williams

I am Carlos Williams and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind News Perception with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Services” category. Address: 1411 Tully Street Detroit, MI 48219, USA Phone: (+1) 313-676-2812 Email: Carloswilliams@newsperception.com

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