Brokers Offer Predictions for V2X, Inc.'s FY2024 Earnings (NYSE:VVX)

V2X, Inc. (NYSE:VVX - Free Report) - Investment analysts at Noble Financial upped their FY2024 EPS estimates for V2X in a research report issued on Wednesday, May 8th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of $4.06 per share for the year, up from their prior estimate of $4.05. The consensus estimate for V2X's current full-year earnings is $4.09 per share.

A number of other brokerages also recently commented on VVX. Stifel Nicolaus upped their price objective on shares of V2X from $52.00 to $56.00 and gave the stock a "hold" rating in a research report on Wednesday. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price objective on shares of V2X in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada upped their price target on shares of V2X from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday.

V2X Stock Performance

Shares of V2X stock traded down $0.12 during trading hours on Friday, hitting $49.11. 61,600 shares of the company were exchanged, compared to its average volume of 73,399. The business has a 50-day moving average of $46.52 and a 200-day moving average of $43.85. V2X has a 1 year low of $37.04 and a 1 year high of $56.75. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -66.36 and a beta of 0.68.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.15. V2X had a positive return on equity of 11.95% and a negative net margin of 0.57%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $973.17 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm's revenue for the quarter was up 7.1% on a year-over-year basis.

Hedge Funds Weigh In On V2X

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC raised its stake in shares of V2X by 22.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 175,129 shares of the company's stock worth $9,047,000 after buying an additional 32,354 shares during the last quarter. FMR LLC raised its position in V2X by 15.4% during the third quarter. FMR LLC now owns 3,026,115 shares of the company's stock worth $156,329,000 after acquiring an additional 402,753 shares during the last quarter. Moneta Group Investment Advisors LLC purchased a new stake in shares of V2X in the third quarter valued at about $4,048,000. Rice Hall James & Associates LLC grew its position in shares of V2X by 19.1% in the third quarter. Rice Hall James & Associates LLC now owns 56,826 shares of the company's stock valued at $2,936,000 after purchasing an additional 9,121 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of V2X during the 3rd quarter worth approximately $1,433,000. 95.18% of the stock is owned by institutional investors and hedge funds.

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.