V2X, Inc. (NYSE:VVX) to Post FY2024 Earnings of $4.07 Per Share, Noble Financial Forecasts

V2X, Inc. (NYSE:VVX) – Equities research analysts at Noble Financial reduced their FY2024 earnings estimates for shares of V2X in a report released on Wednesday, August 7th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of $4.07 per share for the year, down from their previous forecast of $4.08. The consensus estimate for V2X’s current full-year earnings is $4.09 per share.

Other analysts have also issued reports about the company. Stifel Nicolaus raised their price objective on V2X from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of V2X in a research report on Friday, May 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $55.00 price objective on shares of V2X in a research report on Wednesday.

V2X Stock Performance

NYSE VVX opened at $46.96 on Friday. The company has a market capitalization of $1.48 billion, a P/E ratio of -361.23 and a beta of 0.59. V2X has a 12-month low of $37.04 and a 12-month high of $55.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $48.54 and a two-hundred day moving average price of $45.68.

V2X (NYSE:VVX) last issued its earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company posted $1.01 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year.

Institutional Trading of V2X

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in V2X by 74.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 366,282 shares of the company’s stock valued at $17,010,000 after acquiring an additional 156,866 shares during the last quarter. Peregrine Capital Management LLC purchased a new position in shares of V2X in the 2nd quarter worth $6,982,000. Dimensional Fund Advisors LP lifted its stake in shares of V2X by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock valued at $31,741,000 after purchasing an additional 87,741 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of V2X by 15.4% in the fourth quarter. First Eagle Investment Management LLC now owns 202,066 shares of the company’s stock valued at $9,384,000 after acquiring an additional 26,937 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of V2X by 108.1% in the fourth quarter. BNP Paribas Financial Markets now owns 23,979 shares of the company’s stock worth $1,114,000 after buying an additional 12,458 shares during the period. Institutional investors own 95.18% of the company’s stock.

V2X Company Profile

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.