Noble Financial Has Bullish Forecast for V2X FY2024 Earnings

V2X, Inc. (NYSE:VVX) – Stock analysts at Noble Financial upped their FY2024 earnings estimates for V2X in a research report issued on Tuesday, November 5th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of $4.19 per share for the year, up from their prior forecast of $4.07. The consensus estimate for V2X’s current full-year earnings is $4.11 per share. Noble Financial also issued estimates for V2X’s Q4 2024 earnings at $1.17 EPS and Q2 2025 earnings at $0.95 EPS.

Other equities analysts have also issued research reports about the company. Baird R W raised V2X to a “strong-buy” rating in a research note on Friday, October 11th. JMP Securities lifted their target price on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday. Robert W. Baird started coverage on V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target for the company. Raymond James raised 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $70.00 price target on shares of V2X in a report on Tuesday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $70.60.

V2X Price Performance

Shares of NYSE VVX opened at $68.82 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $2.15 billion, a PE ratio of 245.79 and a beta of 0.57. V2X has a one year low of $37.04 and a one year high of $69.27. The firm has a fifty day moving average of $57.67 and a 200 day moving average of $51.91.

V2X (NYSE:VVX) last released its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.52%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share.

Institutional Trading of V2X

Institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC lifted its position in shares of V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE raised its stake in V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after acquiring an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in V2X by 200.2% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after acquiring an additional 839 shares during the last quarter. nVerses Capital LLC bought a new position in V2X during the 3rd quarter worth $95,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in V2X in the first quarter worth $142,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

Insider Buying and Selling

In other V2X news, Director Eric M. Pillmore acquired 3,125 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now directly owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Eric M. Pillmore acquired 3,125 shares of V2X stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now directly owns 41,516 shares of the company’s stock, valued at $1,992,768. The trade was 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. Also, CAO William Boyd Noon purchased 1,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction 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. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 11,936 shares of company stock valued at $572,928 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.