V2X (NYSE:VVX) Issues Earnings Results, Beats Expectations By $0.15 EPS

V2X (NYSE:VVX) released its quarterly earnings data on Tuesday. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.75 by $0.15, Briefing.com reports. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $973.17 million. During the same period in the prior year, the firm earned $0.80 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. V2X updated its FY24 guidance to $3.85-4.20 EPS.

V2X Price Performance

Shares of NYSE:VVX traded up $0.58 on Wednesday, hitting $50.48. The company’s stock had a trading volume of 24,697 shares, compared to its average volume of 88,946. The company has a market capitalization of $1.59 billion, a PE ratio of -68.31 and a beta of 0.68. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.04 and a quick ratio of 0.99. The company has a 50-day simple moving average of $45.86 and a 200 day simple moving average of $43.78. V2X has a 1 year low of $37.04 and a 1 year high of $56.75.

Analyst Upgrades and Downgrades

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

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.