V2X (NYSE:VVX) Releases FY24 Earnings Guidance

V2X (NYSE:VVXGet Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.85-$4.20 for the period, compared to the consensus earnings per share estimate of $4.21. The company issued revenue guidance of $4.10-$4.20 billion, compared to the consensus revenue estimate of $4.10 billion.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JMP Securities restated a market outperform rating and set a $65.00 price target on shares of V2X in a research report on Tuesday, February 6th. Raymond James lowered their price objective on V2X from $65.00 to $60.00 and set a strong-buy rating for the company in a research note on Tuesday, November 7th. Stifel Nicolaus reiterated a hold rating and set a $52.00 price objective (down previously from $59.00) on shares of V2X in a research note on Friday, January 5th. Finally, Royal Bank of Canada restated an outperform rating and issued a $55.00 price target on shares of V2X in a research note on Friday, January 19th.

Read Our Latest Research Report on VVX

V2X Trading Up 12.6 %

Shares of VVX opened at $43.51 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.17. The stock has a fifty day moving average price of $40.01 and a 200-day moving average price of $45.10. V2X has a 12 month low of $36.45 and a 12 month high of $56.75.

V2X (NYSE:VVXGet Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.15. V2X had a positive return on equity of 11.00% and a negative net margin of 0.84%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $0.92 EPS. V2X’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts expect that V2X will post 3.66 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VVX. Deutsche Bank AG purchased a new position in shares of V2X during the fourth quarter worth about $250,000. The Manufacturers Life Insurance Company acquired a new position in shares of V2X during the 2nd quarter worth approximately $245,000. Principal Financial Group Inc. raised its holdings in V2X by 18.3% in the 4th quarter. Principal Financial Group Inc. now owns 5,267 shares of the company’s stock valued at $245,000 after acquiring an additional 814 shares during the last quarter. American International Group Inc. acquired a new position in V2X in the 4th quarter valued at $235,000. Finally, Susquehanna International Group LLP acquired a new position in V2X in the 1st quarter valued at $230,000. 95.89% of the stock is currently owned by institutional investors and hedge funds.

About V2X

(Get Free Report)

V2X, Inc provides critical mission solutions and support services to defense clients in the United States and internationally. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, and civilian clients.

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