V2X (NYSE:VVX) Issues Earnings Results

Key Points

• V2X exceeded quarterly expectations, reporting adjusted EPS of $1.64 versus the $1.49 consensus and revenue of $1.27 billion versus estimates of $1.22 billion.
• Shares rose 3.6% to $83.25 following the results. V2X has a $2.61 billion market capitalization, a 28.71 P/E ratio, and a debt-to-equity ratio of 0.92.
• Analyst sentiment remains mixed, with six Buy, seven Hold, and one Sell rating; the consensus rating is Hold with an $87.50 price target.

V2X (NYSE:VVX - Get Free Report) announced its quarterly earnings data on Monday. The company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.15, FiscalAI reports. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion. V2X had a return on equity of 17.52% and a net margin of 1.88%.

V2X Stock Up 3.6%

V2X stock traded up $2.88 during trading on Monday, hitting $83.25. 641,017 shares of the company were exchanged, compared to its average volume of 565,175. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.61 billion, a P/E ratio of 28.71, a PEG ratio of 0.63 and a beta of 0.19. V2X has a 52 week low of $50.89 and a 52 week high of $93.98. The business's 50 day moving average is $73.94 and its 200 day moving average is $73.82.

Analysts Set New Price Targets

Several brokerages recently commented on VVX. Royal Bank Of Canada reduced their target price on V2X from $88.00 to $81.00 and set a "sector perform" rating for the company in a research report on Wednesday, October 28th. Citigroup restated a "market outperform" rating on shares of V2X in a research report on Tuesday, July 28th. Zacks Research downgraded V2X from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of V2X in a research report on Tuesday, September 8th. Finally, Citizens Jmp boosted their price objective on shares of V2X from $90.00 to $102.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 28th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $87.50.

About V2X

V2X, Inc provides mission solutions and support services to the U.S. government, defense agencies, and allied governments. The company supports military and government operations through services that include logistics, operations and maintenance, training, engineering, modernization, cybersecurity, and other technology-enabled solutions.

Its work spans the defense and national security lifecycle, including the sustainment of aircraft, vehicles, equipment, and infrastructure; supply-chain and base operations; intelligence and analytical support; and digital, communications, and systems-integration services.

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