V2X (VVX) Set to Announce Earnings on Monday

V2X (NYSE:VVX) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.07 per share for the quarter. V2X has set its FY24 guidance at $3.85-4.20 EPS and its FY 2024 guidance at 3.850-4.200 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

V2X (NYSE:VVX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.01). V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business earned $1.01 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts expect V2X to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

V2X Stock Down 0.2 %

V2X stock opened at $61.46 on Friday. The firm has a market capitalization of $1.92 billion, a P/E ratio of -153.65 and a beta of 0.60. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. V2X has a twelve month low of $37.04 and a twelve month high of $65.59. The stock’s fifty day simple moving average is $57.09 and its 200-day simple moving average is $51.40.

Wall Street Analyst Weigh In

Several research firms recently commented on VVX. Royal Bank of Canada reissued an “outperform” rating and issued a $55.00 target price on shares of V2X in a report on Wednesday, August 7th. Baird R W raised V2X to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Robert W. Baird began coverage on V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 target price on the stock. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $62.20.

Insiders Place Their Bets

In other news, CEO Jeremy C. Wensinger acquired 6,250 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $300,000.00. Following the transaction, the chief executive officer now directly owns 6,250 shares in the company, valued at approximately $300,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares in the company, valued at $1,992,768. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeremy C. Wensinger acquired 6,250 shares of the business’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, with a total value of $300,000.00. Following the transaction, the chief executive officer now directly owns 6,250 shares of the company’s stock, valued at $300,000. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 11,936 shares of company stock valued at $572,928. 1.10% of the stock is owned by company insiders.

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.