V2X (NYSE:VVX) Issues FY 2024 Earnings Guidance

V2X (NYSE:VVX) updated its FY 2024 earnings guidance on Monday. 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 Trading Up 0.7 %

NYSE:VVX traded up $0.45 during midday trading on Monday, hitting $61.91. 84,011 shares of the company traded hands, compared to its average volume of 101,976. The firm has a market capitalization of $1.93 billion, a P/E ratio of -154.78 and a beta of 0.57. The firm’s fifty day moving average is $57.18 and its 200-day moving average is $51.58. V2X has a 12-month low of $37.04 and a 12-month high of $65.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15.

V2X (NYSE:VVX) last released its earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.02 billion. V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. V2X’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. On average, sell-side analysts predict that V2X will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $55.00 price target on shares of V2X in a report on Wednesday, August 7th. Baird R W upgraded V2X to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Robert W. Baird initiated coverage on shares of V2X in a research note on Friday, October 11th. They set an “outperform” rating and a $75.00 target price for the company. One equities 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $62.20.

Insider Transactions at V2X

In other V2X news, Director Eric M. Pillmore acquired 3,125 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $48.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now directly owns 41,516 shares in the company, valued at $1,992,768. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Eric M. Pillmore bought 3,125 shares of the company’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $48.00 per share, with a total value of $150,000.00. Following the transaction, the director now owns 41,516 shares of the company’s stock, valued at $1,992,768. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Mural purchased 937 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $48.00 per share, for a total transaction of $44,976.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,437 shares in the company, valued at approximately $68,976. This trade represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 11,936 shares of company stock valued at $572,928. Company 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.