V2X (NYSE:VVX) Releases FY24 Earnings Guidance

V2X (NYSE:VVX) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.85-4.20 for the period, compared to the consensus EPS 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.

V2X Stock Down 1.4 %

Shares of NYSE VVX opened at $49.24 on Friday. The stock has a market cap of $1.55 billion, a PE 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. V2X has a 52-week low of $37.04 and a 52-week high of $56.75. The business has a 50-day moving average price of $46.31 and a 200 day moving average price of $43.86.

V2X (NYSE:VVX) last announced its earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $973.17 million. V2X had a positive return on equity of 11.95% and a negative net margin of 0.57%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. Equities research analysts forecast that V2X will post 4.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price objective on V2X from $52.00 to $56.00 and gave the stock a hold rating in a research report on Wednesday. JMP Securities reaffirmed a market outperform rating and set a $65.00 price objective on shares of V2X in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada increased their price objective on V2X from $50.00 to $55.00 and gave the stock an outperform rating in a research report on Wednesday.

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.