V2X (NYSE:VVX) Issues FY24 Earnings Guidance

V2X (NYSE:VVX) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.85-4.20 for the period, compared to the consensus EPS 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 %

NYSE:VVX traded down $0.18 during trading hours on Thursday, reaching $49.75. The company’s stock had a trading volume of 15,764 shares, compared to its average volume of 88,768. V2X has a one year low of $37.04 and a one year high of $56.75. The business’s 50-day moving average is $46.10 and its 200-day moving average is $43.82. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.04 and a quick ratio of 0.99. The company has a market cap of $1.56 billion, a price-to-earnings ratio of -67.47 and a beta of 0.68.

V2X (NYSE:VVX) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. V2X had a positive return on equity of 11.95% and a negative net margin of 0.57%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $973.17 million. During the same period last year, the business earned $0.80 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that V2X will post 4.09 EPS for the current year.

Wall Street Analyst Weigh In

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

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.