V2X (NYSE:VVX) Announces Earnings Results, Beats Expectations By $0.20 EPS

V2X (NYSE:VVX) released its earnings results on Monday. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.20, FiscalAI reports. V2X had a net margin of 1.88% and a return on equity of 16.94%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion.

V2X Stock Performance

Shares of VVX stock traded down $5.19 during trading hours on Monday, hitting $85.05. The company’s stock had a trading volume of 1,851,015 shares, compared to its average volume of 572,178. The stock has a market cap of $2.66 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 0.72 and a beta of 0.22. V2X has a 12-month low of $47.37 and a 12-month high of $93.98. The company has a 50 day moving average of $80.67 and a 200 day moving average of $72.95. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.96.

Analyst Upgrades and Downgrades

VVX has been the subject of several research reports. BTIG Research reiterated a “buy” rating and set a $90.00 price objective on shares of V2X in a research note on Wednesday, May 27th. Bank of America raised their target price on V2X from $78.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Noble Financial reaffirmed an “outperform” rating on shares of V2X in a research report on Tuesday, June 2nd. Zacks Research upgraded V2X from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley increased their price objective on V2X from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.10.

Institutional Investors Weigh In On V2X

Several hedge funds have recently added to or reduced their stakes in VVX. Royal Bank of Canada grew its position in V2X by 46.6% during the 1st quarter. Royal Bank of Canada now owns 5,813 shares of the company’s stock worth $284,000 after purchasing an additional 1,847 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in V2X by 22.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,867 shares of the company’s stock worth $484,000 after acquiring an additional 1,826 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in V2X by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,544 shares of the company’s stock worth $2,430,000 after acquiring an additional 4,747 shares during the period. Jane Street Group LLC purchased a new position in V2X during the first quarter valued at approximately $329,000. Finally, Rhumbline Advisers lifted its holdings in V2X by 20.8% in the second quarter. Rhumbline Advisers now owns 27,992 shares of the company’s stock valued at $1,359,000 after acquiring an additional 4,824 shares during the period. 95.18% of the stock is 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.