Q2 2024 EPS Estimates for V2X, Inc. Decreased by Noble Financial (NYSE:VVX)

V2X, Inc. (NYSE:VVX) – Equities researchers at Noble Financial decreased their Q2 2024 earnings per share (EPS) estimates for V2X in a report released on Wednesday, May 8th. Noble Financial analyst J. Gomes now anticipates that the company will earn $0.94 per share for the quarter, down from their previous estimate of $1.00. The consensus estimate for V2X’s current full-year earnings is $4.09 per share. Noble Financial also issued estimates for V2X’s Q3 2024 earnings at $0.91 EPS and Q4 2024 earnings at $1.25 EPS.

VVX has been the topic of a number of other research reports. Stifel Nicolaus lifted their price objective on V2X from $52.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday. Royal Bank of Canada increased their price target on shares of V2X from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, JMP Securities reissued a “market outperform” rating and set a $65.00 price objective on shares of V2X in a report on Wednesday, March 6th.

V2X Stock Up 0.1 %

VVX opened at $49.93 on Thursday. V2X has a 52 week low of $37.04 and a 52 week high of $56.75. The business has a 50 day moving average price of $46.10 and a two-hundred day moving average price of $43.82. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.57 billion, a PE 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 (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.15. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The company 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 firm posted $0.80 EPS. V2X’s revenue for the quarter was up 7.1% on a year-over-year basis.

Institutional Investors Weigh In On V2X

Institutional investors and hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System purchased a new stake in V2X in the 1st quarter valued at approximately $307,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of V2X during the 1st quarter worth $142,000. Sei Investments Co. boosted its holdings in shares of V2X by 8.3% during the first quarter. Sei Investments Co. now owns 21,456 shares of the company’s stock worth $1,002,000 after purchasing an additional 1,639 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of V2X by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock valued at $475,000 after purchasing an additional 287 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of V2X by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,998 shares of the company’s stock valued at $420,000 after purchasing an additional 759 shares during the period. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

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.