FY2024 EPS Estimates for V2X, Inc. (NYSE:VVX) Raised by Analyst

V2X, Inc. (NYSE:VVX) – Investment analysts at Noble Financial upped their FY2024 EPS estimates for V2X in a research report issued to clients and investors on Wednesday, May 8th. Noble Financial analyst J. Gomes now anticipates that the company will earn $4.06 per share for the year, up from their previous estimate of $4.05. The consensus estimate for V2X’s current full-year earnings is $4.09 per share.

V2X (NYSE:VVX) last issued its earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $973.17 million. During the same period in the prior year, the firm earned $0.80 EPS. V2X’s quarterly revenue was up 7.1% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Stifel Nicolaus boosted their target price on V2X from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of V2X in a report on Wednesday, March 6th. Finally, Royal Bank of Canada lifted their target price on shares of V2X from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday.

V2X Price Performance

NYSE:VVX opened at $49.24 on Friday. V2X has a 12-month low of $37.04 and a 12-month high of $56.75. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -66.54 and a beta of 0.68. The stock’s 50 day moving average price is $46.31 and its two-hundred day moving average price is $43.86. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.11.

Institutional Trading of V2X

A number of institutional investors have recently bought and sold shares of VVX. Cape Investment Advisory Inc. bought a new stake in shares of V2X during the 4th quarter worth $34,000. Quest Partners LLC bought a new stake in shares of V2X during the 4th quarter valued at approximately $65,000. Strs Ohio acquired a new position in V2X during the 4th quarter worth approximately $78,000. SG Americas Securities LLC bought a new position in V2X in the 3rd quarter valued at approximately $126,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in V2X in the first quarter valued at approximately $142,000. Institutional investors own 95.18% 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.