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

V2X (NYSE:VVX) issued its quarterly earnings results on Tuesday. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15, Briefing.com reports. 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 during the quarter, compared to the consensus estimate of $973.17 million. During the same period in the previous year, the business earned $0.80 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. V2X updated its FY24 guidance to $3.85-4.20 EPS.

V2X Price Performance

Shares of VVX opened at $49.93 on Thursday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -67.47 and a beta of 0.68. The stock’s fifty day moving average is $46.10 and its 200-day moving average is $43.82. V2X has a one year low of $37.04 and a one year high of $56.75. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.99 and a current ratio of 1.04.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VVX. Royal Bank of Canada increased 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 upped 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 reiterated a “market outperform” rating and issued a $65.00 target price on shares of V2X in a research note 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.