V2X (NYSE:VVX) Updates FY24 Earnings Guidance

V2X (NYSE:VVX) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.85-4.20 for the period, compared to the consensus earnings per share estimate of $4.08. The company issued revenue guidance of $4.10-4.20 billion, compared to the consensus revenue estimate of $4.15 billion.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of V2X from $50.00 to $55.00 and gave the company an outperform rating in a research note on Wednesday. Stifel Nicolaus increased their price target 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 set a $65.00 price objective on shares of V2X in a report on Wednesday, March 6th.

V2X Stock Performance

V2X stock traded up $0.26 during mid-day trading on Wednesday, reaching $50.16. The company’s stock had a trading volume of 42,559 shares, compared to its average volume of 89,155. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -67.88 and a beta of 0.68. V2X has a twelve month low of $37.04 and a twelve month high of $56.75. The business has a 50 day moving average price of $45.86 and a 200-day moving average price of $43.78. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.11.

V2X (NYSE:VVX) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.15. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $973.17 million. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. V2X’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. Sell-side analysts predict that V2X will post 4.09 EPS for the current fiscal year.

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.