V2X (NYSE:VVX) Issues Earnings Results, Beats Expectations By $0.15 EPS

V2X (NYSE:VVX) announced its earnings results on Tuesday. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15, Briefing.com reports. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $973.17 million. During the same period in the previous year, the company posted $0.80 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. V2X updated its FY24 guidance to $3.85-4.20 EPS.

V2X Price Performance

Shares of V2X stock traded up $0.58 on Wednesday, hitting $50.48. The company’s stock had a trading volume of 24,697 shares, compared to its average volume of 88,946. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.99 and a current ratio of 1.04. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -68.31 and a beta of 0.68. The firm has a fifty day moving average price of $45.86 and a 200-day moving average price of $43.78. V2X has a 1 year low of $37.04 and a 1 year high of $56.75.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VVX shares. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price objective on shares of V2X in a research report on Wednesday, March 6th. Stifel Nicolaus raised their price objective on V2X from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $65.00 price target on shares of V2X in a report on Wednesday, March 6th.

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.