V2X (NYSE:VVX) Announces Quarterly Earnings Results

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

V2X Stock Up 1.2 %

Shares of VVX stock opened at $62.68 on Wednesday. The stock’s 50 day simple moving average is $57.42 and its 200 day simple moving average is $51.79. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10. V2X has a twelve month low of $37.04 and a twelve month high of $66.00. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 223.87 and a beta of 0.57.

Insider Activity at V2X

In related news, CAO William Boyd Noon acquired 1,000 shares of the business’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 purchase, the chief accounting officer now owns 10,931 shares of the company’s stock, valued at approximately $524,688. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other V2X news, CAO William Boyd Noon bought 1,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $48,000.00. Following the acquisition, the chief accounting officer now directly owns 10,931 shares of the company’s stock, valued at $524,688. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeremy C. Wensinger bought 6,250 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 $300,000.00. Following the acquisition, the chief executive officer now directly owns 6,250 shares in the company, valued at approximately $300,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 11,936 shares of company stock valued at $572,928. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VVX shares. JMP Securities raised their price target on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of V2X in a research note on Tuesday. Baird R W raised V2X to a “strong-buy” rating in a research note on Friday, October 11th. Raymond James raised their price target on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. Finally, Robert W. Baird started coverage on V2X in a research note on Friday, October 11th. They set an “outperform” rating and a $75.00 price target for the company. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, V2X has an average rating of “Buy” and an average 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.