V2X (NYSE:VVX) Updates FY 2024 Earnings Guidance

V2X (NYSE:VVX) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 3.850-4.200 for the period, compared to the consensus EPS estimate of 4.080. The company issued revenue guidance of $4.1 billion-$4.2 billion, compared to the consensus revenue estimate of $4.2 billion.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VVX. Royal Bank of Canada restated an outperform rating and issued a $50.00 price objective on shares of V2X in a research note on Wednesday, March 6th. JMP Securities reissued a market outperform rating and set a $65.00 target price on shares of V2X in a research report on Wednesday, March 6th.

V2X Price Performance

Shares of VVX stock opened at $50.70 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -67.43 and a beta of 0.68. The firm’s 50 day moving average is $45.86 and its 200-day moving average is $43.78. V2X has a 1 year low of $37.04 and a 1 year high of $56.75.

V2X (NYSE:VVX) last released its earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. The company had revenue of $1.01 billion during 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 firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. Sell-side analysts forecast that V2X will post 4.09 EPS for the current fiscal year.

About V2X

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.