FY2024 Earnings Forecast for V2X, Inc. (NYSE:VVX) Issued By Noble Financial

V2X, Inc. (NYSE:VVX) – Analysts at Noble Financial raised their FY2024 earnings estimates for shares of V2X in a report issued on Wednesday, May 8th. Noble Financial analyst J. Gomes now expects that the company will post earnings per share of $4.06 for the year, up from their previous estimate of $4.05. The consensus estimate for V2X’s current full-year earnings is $4.09 per share.

Several other analysts have also recently commented on the company. Royal Bank of Canada raised their target price on V2X from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of V2X in a report on Wednesday, March 6th. Finally, Stifel Nicolaus upped their price target on shares of V2X from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday.

V2X Stock Performance

Shares of NYSE VVX opened at $49.24 on Friday. V2X has a 52-week low of $37.04 and a 52-week high of $56.75. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -66.54 and a beta of 0.68. 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 stock’s fifty day simple moving average is $46.31 and its 200 day simple moving average is $43.86.

V2X (NYSE:VVX) last released its earnings results on Tuesday, May 7th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.75 by $0.15. The business had revenue of $1.01 billion during 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%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in V2X in the third quarter worth $126,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of V2X during the 3rd quarter worth about $1,433,000. Principal Financial Group Inc. acquired a new position in shares of V2X during the 3rd quarter valued at about $230,000. Rice Hall James & Associates LLC raised its stake in shares of V2X by 19.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 56,826 shares of the company’s stock valued at $2,936,000 after acquiring an additional 9,121 shares in the last quarter. Finally, Barclays PLC lifted its holdings in V2X by 10.1% in the 3rd quarter. Barclays PLC now owns 10,108 shares of the company’s stock worth $521,000 after purchasing an additional 925 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

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.