V2X (NYSE:VVX) Posts Earnings Results, Beats Expectations By $0.15 EPS

V2X (NYSE:VVX) announced its earnings results on Monday. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.15, FiscalAI reports. V2X had a net margin of 1.88% and a return on equity of 17.52%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.22 billion.

V2X Trading Up 3.6%

VVX stock traded up $2.88 on Monday, hitting $83.25. 641,017 shares of the company were exchanged, compared to its average volume of 565,175. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 0.63 and a beta of 0.19. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.32 and a quick ratio of 1.32. The business’s fifty day moving average is $73.94 and its two-hundred day moving average is $73.82. V2X has a twelve month low of $50.89 and a twelve month high of $93.98.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VVX. Morgan Stanley boosted their price objective on V2X from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of V2X in a report on Tuesday, September 8th. Zacks Research cut V2X from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Citigroup reaffirmed a “market outperform” rating on shares of V2X in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of V2X from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.50.

About V2X

V2X, Inc provides mission solutions and support services to the U.S. government, defense agencies, and allied governments. The company supports military and government operations through services that include logistics, operations and maintenance, training, engineering, modernization, cybersecurity, and other technology-enabled solutions.

Its work spans the defense and national security lifecycle, including the sustainment of aircraft, vehicles, equipment, and infrastructure; supply-chain and base operations; intelligence and analytical support; and digital, communications, and systems-integration services.