V2X (NYSE:VVX) Issues FY24 Earnings Guidance

V2X (NYSE:VVX - Get Free Report) 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 Price Performance

NYSE:VVX traded down $2.21 during mid-day trading on Tuesday, hitting $49.90. The company's stock had a trading volume of 166,196 shares, compared to its average volume of 89,691. V2X has a fifty-two week low of $37.04 and a fifty-two week 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 company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -68.90 and a beta of 0.68. The stock has a fifty day moving average of $45.62 and a 200-day moving average of $43.78.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.15. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, equities analysts forecast that V2X will post 4.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on VVX shares. Royal Bank of Canada reaffirmed an outperform rating and set a $50.00 price objective on shares of V2X in a research note on Wednesday, March 6th. JMP Securities reissued a market outperform rating and set a $65.00 price target on shares of V2X in a research note on Wednesday, March 6th.

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.