V2X (NYSE:VVX) Announces Earnings Results, Beats Estimates By $0.22 EPS

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

V2X Stock Performance

Shares of VVX opened at $62.68 on Wednesday. The business’s 50 day moving average is $57.42 and its two-hundred day moving average is $51.79. V2X has a 52-week low of $37.04 and a 52-week high of $66.00. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 223.87 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15.

Wall Street Analyst Weigh In

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

Insider Activity at V2X

In other news, CAO William Boyd Noon purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $48,000.00. Following the transaction, the chief accounting officer now owns 10,931 shares in the company, valued at approximately $524,688. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Eric M. Pillmore bought 3,125 shares of the stock in a transaction that occurred 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 completion of the acquisition, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William Boyd Noon bought 1,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $48,000.00. Following the completion of the acquisition, the chief accounting officer now owns 10,931 shares of the company’s stock, valued at $524,688. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 11,936 shares of company stock valued at $572,928. Corporate 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.