V2X (NYSE:VVX) Announces Earnings Results

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

V2X Price Performance

NYSE VVX traded down $0.99 on Thursday, reaching $67.83. The company’s stock had a trading volume of 32,718 shares, compared to its average volume of 104,236. V2X has a twelve month low of $37.04 and a twelve month high of $69.27. 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 stock has a market cap of $2.14 billion, a PE ratio of 245.79 and a beta of 0.57. The firm’s 50 day moving average is $57.67 and its two-hundred day moving average is $51.91.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VVX. Raymond James lifted their price target on shares of 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 restated an “outperform” rating and issued a $70.00 price target on shares of V2X in a research report on Tuesday. JMP Securities raised their price target on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Robert W. Baird assumed coverage on shares of V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target on the stock. Finally, Baird R W upgraded shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $70.60.

Insider Buying and Selling at V2X

In other news, Director Eric M. Pillmore acquired 3,125 shares of V2X stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now owns 41,516 shares of the company’s stock, valued at $1,992,768. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Eric M. Pillmore acquired 3,125 shares of V2X stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now owns 41,516 shares of the company’s stock, valued at $1,992,768. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Shawn Mural bought 937 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $48.00 per share, for a total transaction of $44,976.00. Following the acquisition, the chief financial officer now directly owns 1,437 shares in the company, valued at $68,976. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 11,936 shares of company stock valued at $572,928. 1.10% of the stock is owned by insiders.

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.