V2X (NYSE:VVX) Posts Earnings Results, Beats Expectations By $0.22 EPS

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

V2X Stock Performance

Shares of V2X stock traded down $1.72 during trading hours on Thursday, reaching $67.10. The company’s stock had a trading volume of 38,829 shares, compared to its average volume of 104,264. V2X has a one year low of $37.04 and a one year high of $69.27. The stock has a market cap of $2.12 billion, a P/E ratio of 245.79 and a beta of 0.57. 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 company’s 50 day simple moving average is $57.67 and its 200 day simple moving average is $51.91.

Insider Activity at V2X

In related news, CFO Shawn Mural bought 937 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $48.00 per share, with a total value of $44,976.00. Following the completion of the transaction, the chief financial officer now directly owns 1,437 shares of the company’s stock, valued at approximately $68,976. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO William Boyd Noon bought 1,000 shares of the firm’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 completion of the transaction, the chief accounting officer now directly owns 10,931 shares in the company, valued at $524,688. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shawn Mural purchased 937 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average cost 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 approximately $68,976. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 11,936 shares of company stock worth $572,928 in the last ninety days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

VVX has been the subject of several analyst reports. Raymond James increased their price target on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Robert W. Baird assumed coverage on shares of V2X in a report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price for the company. JMP Securities increased their target price on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a report on Tuesday. Baird R W raised shares of V2X to a “strong-buy” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price target on shares of V2X in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $70.60.

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.