V2X (NYSE:VVX) Releases FY 2024 Earnings Guidance

V2X (NYSE:VVX) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.950-4.200 for the period, compared to the consensus estimate of 4.120. The company issued revenue guidance of $4.2 billion-$4.3 billion, compared to the consensus revenue estimate of $4.3 billion.

V2X Price Performance

VVX traded down $2.43 on Thursday, hitting $66.39. 102,090 shares of the stock were exchanged, compared to its average volume of 104,557. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 245.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. V2X has a 12 month low of $37.04 and a 12 month high of $69.27. The business has a 50-day moving average of $57.67 and a two-hundred day moving average of $51.91.

V2X (NYSE:VVX) last released its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.52%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.73 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that V2X will post 4.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VVX shares. Raymond James lifted their price objective on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of V2X in a research report on Tuesday. Baird R W raised shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. JMP Securities lifted their price target on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday. Finally, Robert W. Baird assumed coverage on shares of V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target for the company. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $70.60.

Insider Transactions at V2X

In other news, CAO William Boyd Noon bought 1,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, with a total value of $48,000.00. Following the completion of the purchase, the chief accounting officer now directly owns 10,931 shares in the company, valued at $524,688. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO William Boyd Noon acquired 1,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $48.00 per share, with a total value of $48,000.00. Following the completion of the purchase, the chief accounting officer now owns 10,931 shares in the company, valued at $524,688. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeremy C. Wensinger acquired 6,250 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $48.00 per share, with a total value of $300,000.00. Following the purchase, the chief executive officer now owns 6,250 shares of the company’s stock, valued at approximately $300,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 11,936 shares of company stock valued at $572,928. 1.10% of the stock is owned by corporate insiders.

V2X Company Profile

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.