V2X (NYSE:VVX - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.15, Briefing.com reports. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 EPS. V2X updated its FY24 guidance to $3.85-4.20 EPS.
V2X Price Performance
VVX stock traded up $0.03 on Wednesday, hitting $49.93. 81,051 shares of the company's stock traded hands, compared to its average volume of 89,593. 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 cap of $1.57 billion, a price-to-earnings ratio of -67.88 and a beta of 0.68. V2X has a 1-year low of $37.04 and a 1-year high of $56.75. The stock has a fifty day moving average of $45.86 and a 200-day moving average of $43.78.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on VVX shares. JMP Securities reiterated a "market outperform" rating and set a $65.00 price target on shares of V2X in a research note on Wednesday, March 6th. Stifel Nicolaus boosted their price target on shares of V2X from $52.00 to $56.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their target price on shares of V2X from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Wednesday.
Read Our Latest Research Report on VVX
V2X Company Profile
(
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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.
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