V2X (NYSE:VVX) Updates FY 2024 Earnings Guidance

V2X (NYSE:VVX) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 3.950-4.200 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

Several research firms recently issued reports on VVX. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $55.00 price target on shares of V2X in a research report on Wednesday, August 7th. Finally, Robert W. Baird started coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target 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 stock currently has a consensus rating of “Buy” and an average price target of $62.20.

V2X Trading Up 0.7 %

Shares of VVX traded up $0.45 during trading on Monday, reaching $61.91. 84,045 shares of the company traded hands, compared to its average volume of 101,976. V2X has a twelve month low of $37.04 and a twelve month high of $65.59. The stock has a market cap of $1.93 billion, a PE ratio of -156.60 and a beta of 0.57. The stock has a 50-day simple moving average of $57.18 and a 200-day simple moving average of $51.58. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15.

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

Insider Activity

In other V2X news, Director Eric M. Pillmore acquired 3,125 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now owns 41,516 shares in the company, valued at $1,992,768. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Eric M. Pillmore purchased 3,125 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the director now directly 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 link. Also, CEO Jeremy C. Wensinger purchased 6,250 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $48.00 per share, with a total value of $300,000.00. Following the purchase, the chief executive officer now directly owns 6,250 shares of the company’s stock, valued at $300,000. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 11,936 shares of company stock valued at $572,928. 1.10% of the stock is currently owned by company insiders.

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.