V2X (NYSE:VVX) Releases FY 2024 Earnings Guidance

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

V2X Stock Performance

VVX stock traded up $0.45 during midday trading on Monday, reaching $61.91. The stock had a trading volume of 84,011 shares, compared to its average volume of 101,976. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a fifty day simple moving average of $57.18 and a two-hundred day simple moving average of $51.58. The stock has a market cap of $1.93 billion, a PE ratio of -154.78 and a beta of 0.57. V2X has a 52-week low of $37.04 and a 52-week high of $65.59.

V2X (NYSE:VVX) last released its earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.02 billion. V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. As a group, equities research analysts anticipate that V2X will post 4.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Baird R W upgraded V2X to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada restated an “outperform” rating and issued a $55.00 price objective on shares of V2X in a research report on Wednesday, August 7th. Finally, Robert W. Baird assumed coverage on shares of V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $62.20.

Insider Buying and Selling at V2X

In other V2X news, CFO Shawn Mural bought 937 shares of V2X stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, with a total value of $44,976.00. Following the purchase, the chief financial officer now directly owns 1,437 shares in the company, valued at $68,976. This represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Shawn Mural acquired 937 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the purchase, the chief financial officer now owns 1,437 shares in the company, valued at approximately $68,976. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eric M. Pillmore bought 3,125 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $150,000.00. Following the acquisition, the director now directly owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 11,936 shares of company stock valued at $572,928. Company 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.