V2X (NYSE:VVX) Issues FY24 Earnings Guidance

V2X (NYSE:VVX) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.85-4.20 for the period, compared to the consensus estimate of $4.08. The company issued revenue guidance of $4.10-4.20 billion, compared to the consensus revenue estimate of $4.15 billion.

V2X Stock Down 0.4 %

Shares of NYSE:VVX traded down $0.18 during mid-day trading on Thursday, hitting $49.75. 15,764 shares of the company traded hands, compared to its average volume of 88,768. The stock has a 50-day moving average price of $46.10 and a two-hundred day moving average price of $43.82. V2X has a 12-month low of $37.04 and a 12-month high of $56.75. The stock has a market cap of $1.56 billion, a P/E ratio of -67.47 and a beta of 0.68. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.11.

V2X (NYSE:VVX) last posted its earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.15. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $973.17 million. During the same quarter in the prior year, the business posted $0.80 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that V2X will post 4.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VVX. JMP Securities reaffirmed a market outperform rating and set a $65.00 price target on shares of V2X in a research report on Wednesday, March 6th. Stifel Nicolaus boosted their target price on shares of V2X from $52.00 to $56.00 and gave the company a hold rating in a research note on Wednesday. Finally, Royal Bank of Canada lifted their price target on shares of V2X from $50.00 to $55.00 and gave the stock an outperform rating in a report on Wednesday.

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.