V2X (NYSE:VVX) Issues Earnings Results

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

V2X Trading Up 1.5 %

NYSE:VVX traded up $0.73 during trading hours on Wednesday, hitting $50.63. 26,121 shares of the stock were exchanged, compared to its average volume of 88,961. The company’s 50 day moving average is $45.86 and its two-hundred day moving average is $43.78. V2X has a twelve month low of $37.04 and a twelve month high of $56.75. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.59 billion, a P/E ratio of -68.31 and a beta of 0.68.

Analyst Ratings Changes

Several research analysts have recently commented on VVX shares. JMP Securities reissued a “market outperform” rating and issued a $65.00 target price on shares of V2X in a report on Wednesday, March 6th. 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 target price 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.