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 Stock Down 1.8 %

Shares of NYSE:VVX traded down $1.10 during midday trading on Tuesday, hitting $60.81. 186,258 shares of the company’s stock traded hands, compared to its average volume of 102,369. 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 company has a market cap of $1.90 billion, a PE ratio of -152.03 and a beta of 0.57. The firm’s fifty day moving average price is $57.29 and its two-hundred day moving average price is $51.69. V2X has a twelve month low of $37.04 and a twelve month high of $66.00.

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 negative net margin of 0.30% and a positive return on equity of 11.69%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts anticipate that V2X will post 4.11 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at V2X

In related news, CFO Shawn Mural bought 937 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $48.00 per share, with a total value of $44,976.00. Following the transaction, the chief financial officer now owns 1,437 shares of the company’s stock, valued at approximately $68,976. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other V2X news, CAO William Boyd Noon acquired 1,000 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 10,931 shares in the company, valued at approximately $524,688. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Mural acquired 937 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $44,976.00. Following the transaction, the chief financial officer now owns 1,437 shares in the company, valued at approximately $68,976. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 11,936 shares of company stock valued at $572,928. 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.