V2X (NYSE:VVX) Updates FY24 Earnings Guidance

V2X (NYSE:VVX) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $3.85-4.20 for the period, compared to the consensus EPS estimate of $4.09. The company issued revenue guidance of $4.175-4.275 billion, compared to the consensus revenue estimate of $4.18 billion. V2X also updated its FY 2024 guidance to 3.850-4.200 EPS.

V2X Trading Down 0.9 %

Shares of NYSE:VVX traded down $0.40 during midday trading on Wednesday, reaching $45.35. The company’s stock had a trading volume of 31,084 shares, compared to its average volume of 86,324. The business has a 50 day moving average price of $48.53 and a 200 day moving average price of $45.57. V2X has a 1 year low of $37.04 and a 1 year high of $56.75. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -351.46 and a beta of 0.59. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.16.

V2X (NYSE:VVX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.02 billion. V2X had a negative net margin of 0.10% and a positive return on equity of 12.25%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 EPS. Research analysts forecast that V2X will post 4.09 EPS for the current year.

Analyst Upgrades and Downgrades

VVX has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of V2X from $52.00 to $56.00 and gave the stock a hold rating in a research note on Wednesday, May 8th. JMP Securities reaffirmed a market outperform rating and issued a $65.00 target price on shares of V2X in a research report on Friday, May 17th. Finally, Royal Bank of Canada reissued an outperform rating and set a $55.00 price target on shares of V2X in a research report on Wednesday.

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.