V2X (NYSE:VVX) Releases Earnings Results, Beats Estimates By $0.15 EPS

V2X (NYSE:VVX) released its quarterly earnings data on Monday. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.49 by $0.15, FiscalAI reports. V2X had a return on equity of 17.52% and a net margin of 1.88%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.22 billion.

V2X Stock Performance

Shares of VVX stock traded up $2.88 on Monday, reaching $83.25. The stock had a trading volume of 641,017 shares, compared to its average volume of 565,178. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.32 and a current ratio of 1.32. V2X has a 1 year low of $50.89 and a 1 year high of $93.98. The stock has a market cap of $2.61 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 0.63 and a beta of 0.19. The company has a 50 day simple moving average of $73.94 and a 200 day simple moving average of $73.82.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VVX. Weiss Ratings reissued a “hold (c+)” rating on shares of V2X in a research report on Tuesday, September 8th. Zacks Research downgraded shares of V2X from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Royal Bank Of Canada reduced their price target on shares of V2X from $88.00 to $81.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 28th. Robert W. Baird cut shares of V2X from an “outperform” rating to a “neutral” rating and set a $94.00 price objective for the company. in a report on Tuesday, August 4th. Finally, Citizens Jmp boosted their price objective on shares of V2X from $90.00 to $102.00 and gave the company a “market outperform” rating in a report on Tuesday, July 28th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $87.50.

V2X Company Profile

V2X, Inc provides mission solutions and support services to the U.S. government, defense agencies, and allied governments. The company supports military and government operations through services that include logistics, operations and maintenance, training, engineering, modernization, cybersecurity, and other technology-enabled solutions.

Its work spans the defense and national security lifecycle, including the sustainment of aircraft, vehicles, equipment, and infrastructure; supply-chain and base operations; intelligence and analytical support; and digital, communications, and systems-integration services.