V2X (NYSE:VVX) Updates FY 2024 Earnings Guidance

V2X (NYSE:VVX - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 3.850-4.200 for the period, compared to the consensus EPS estimate of 4.080. The company issued revenue guidance of $4.1 billion-$4.2 billion, compared to the consensus revenue estimate of $4.2 billion.

V2X Stock Performance

VVX traded up $0.03 on Wednesday, hitting $49.93. The company's stock had a trading volume of 81,051 shares, compared to its average volume of 89,593. V2X has a 12 month low of $37.04 and a 12 month high of $56.75. The firm has a market cap of $1.57 billion, a P/E ratio of -67.88 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. The company's 50 day simple moving average is $45.86 and its 200-day simple moving average is $43.78.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.15. The company 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 firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. Analysts forecast that V2X will post 4.09 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on VVX. Stifel Nicolaus boosted their price target on shares of V2X from $52.00 to $56.00 and gave the company a hold rating in a research report on Wednesday. Royal Bank of Canada lifted their price objective on V2X from $50.00 to $55.00 and gave the company an outperform rating in a research report on Wednesday. Finally, JMP Securities restated a market outperform rating and issued a $65.00 price objective on shares of V2X in a report on Wednesday, March 6th.

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.