Research Analysts Offer Predictions for V2X FY2024 Earnings

V2X, Inc. (NYSE:VVX - Free Report) - Research analysts at Noble Financial boosted their FY2024 earnings estimates for V2X in a note issued to investors on Tuesday, November 5th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of $4.19 per share for the year, up from their prior estimate of $4.07. The consensus estimate for V2X's current full-year earnings is $4.11 per share. Noble Financial also issued estimates for V2X's Q4 2024 earnings at $1.17 EPS and Q2 2025 earnings at $0.95 EPS.

Other equities research analysts also recently issued research reports about the company. Baird R W raised V2X to a "strong-buy" rating in a report on Friday, October 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $70.00 target price on shares of V2X in a research note on Tuesday. Raymond James upped their price target on shares of V2X from $60.00 to $72.00 and gave the company a "strong-buy" rating in a research note on Tuesday. JMP Securities lifted their price objective on shares of V2X from $65.00 to $80.00 and gave the stock a "market outperform" rating in a research note on Tuesday. Finally, Robert W. Baird assumed coverage on V2X in a research note on Friday, October 11th. They issued an "outperform" rating and a $75.00 target price for the company. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, V2X presently has an average rating of "Buy" and a consensus target price of $70.60.

V2X Stock Down 3.2 %

Shares of V2X stock traded down $2.17 during trading on Thursday, reaching $66.65. The company's stock had a trading volume of 165,005 shares, compared to its average volume of 104,849. The company has a 50-day simple moving average of $57.67 and a two-hundred day simple moving average of $51.91. V2X has a 1-year low of $37.04 and a 1-year high of $69.27. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 238.02 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15.

V2X (NYSE:VVX - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.52%. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. V2X's revenue for the quarter was up 8.0% compared to the same quarter last year.

Insider Transactions at V2X

In other news, CFO Shawn Mural acquired 937 shares of the business's stock in a transaction on Friday, September 6th. The stock was bought at an average price of $48.00 per share, with a total value of $44,976.00. Following the completion of the acquisition, the chief financial officer now owns 1,437 shares of the company's stock, valued at approximately $68,976. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO William Boyd Noon purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $48,000.00. Following the purchase, the chief accounting officer now owns 10,931 shares of the company's stock, valued at $524,688. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shawn Mural acquired 937 shares of V2X stock in a transaction on Friday, September 6th. The shares were bought at an average price of $48.00 per share, with a total value of $44,976.00. Following the completion of the transaction, the chief financial officer now directly owns 1,437 shares of the company's stock, valued at $68,976. This trade represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 11,936 shares of company stock valued at $572,928 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of V2X

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Systematic Financial Management LP lifted its stake in shares of V2X by 152.7% in the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company's stock worth $13,404,000 after buying an additional 168,886 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of V2X by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company's stock worth $27,476,000 after purchasing an additional 5,259 shares during the last quarter. Factorial Partners LLC grew its position in shares of V2X by 28.6% in the second quarter. Factorial Partners LLC now owns 54,000 shares of the company's stock valued at $2,590,000 after purchasing an additional 12,000 shares in the last quarter. Sei Investments Co. increased its holdings in shares of V2X by 243.3% in the second quarter. Sei Investments Co. now owns 73,653 shares of the company's stock valued at $3,532,000 after purchasing an additional 52,197 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in V2X by 50.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the company's stock worth $634,000 after buying an additional 4,419 shares in the last quarter. Hedge funds and other institutional investors 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.