V2X (NYSE:VVX) Issues Quarterly Earnings Results

V2X (NYSE:VVX) announced its quarterly earnings results on Monday. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.07 by $0.22, Briefing.com reports. V2X had a return on equity of 13.52% and a net margin of 0.22%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. V2X updated its FY 2024 guidance to 3.950-4.200 EPS.

V2X Trading Down 1.4 %

VVX traded down $0.99 during midday trading on Thursday, reaching $67.83. 32,718 shares of the company were exchanged, compared to its average volume of 104,236. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10. V2X has a one year low of $37.04 and a one year high of $69.27. The stock has a market capitalization of $2.14 billion, a P/E ratio of 245.79 and a beta of 0.57. The stock’s 50-day simple moving average is $57.67 and its 200 day simple moving average is $51.91.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Robert W. Baird assumed coverage on V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective for the company. JMP Securities raised their target price on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Raymond James raised their target price on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price objective on shares of V2X in a report on Tuesday. Finally, Baird R W raised V2X to a “strong-buy” rating in a report on Friday, October 11th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $70.60.

Insiders Place Their Bets

In other V2X news, Director Eric M. Pillmore acquired 3,125 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the transaction, the director now owns 41,516 shares of the company’s stock, valued at $1,992,768. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO William Boyd Noon purchased 1,000 shares of V2X stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $48.00 per share, with a total value of $48,000.00. Following the transaction, the chief accounting officer now directly owns 10,931 shares in the company, valued at $524,688. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eric M. Pillmore purchased 3,125 shares of V2X stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, with a total value of $150,000.00. Following the transaction, the director now owns 41,516 shares in the company, valued at approximately $1,992,768. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 11,936 shares of company stock worth $572,928. Insiders own 1.10% of the company’s stock.

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.