Noble Financial Has Positive Outlook of V2X FY2024 Earnings

V2X, Inc. (NYSE:VVX) – Analysts at Noble Financial increased their FY2024 earnings per share estimates for V2X in a research note issued on Tuesday, November 5th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of $4.19 per share for the year, up from their prior estimate of $4.07. The consensus estimate for V2X’s current full-year earnings is $4.11 per share. Noble Financial also issued estimates for V2X’s Q4 2024 earnings at $1.17 EPS and Q2 2025 earnings at $0.95 EPS.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird began coverage on V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price for the company. JMP Securities upped their target price on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Baird R W raised V2X to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of V2X in a research report on Tuesday. Finally, Raymond James upped their target price on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $70.60.

V2X Price Performance

VVX stock opened at $66.65 on Thursday. V2X has a 12-month low of $37.04 and a 12-month high of $69.27. The stock has a 50-day moving average price of $57.88 and a two-hundred day moving average price of $52.01. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. The company has a market cap of $2.10 billion, a PE ratio of 238.02 and a beta of 0.57.

V2X (NYSE:VVX) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. V2X had a return on equity of 13.52% and a net margin of 0.22%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year.

Institutional Trading of V2X

A number of institutional investors and hedge funds have recently made changes to their positions in VVX. Quest Partners LLC grew its holdings in V2X by 1,341.0% in the 3rd quarter. Quest Partners LLC now owns 9,698 shares of the company’s stock worth $542,000 after buying an additional 9,025 shares in the last quarter. Versor Investments LP bought a new position in V2X in the 3rd quarter worth approximately $447,000. Olympiad Research LP bought a new position in V2X in the 3rd quarter worth approximately $299,000. Stephens Inc. AR bought a new position in V2X in the 3rd quarter worth approximately $247,000. Finally, US Bancorp DE grew its holdings in V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after buying an additional 460 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the director now owns 41,516 shares in the company, valued at $1,992,768. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Eric M. Pillmore acquired 3,125 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price 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 of the company’s stock, valued at $1,992,768. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were purchased at an average price of $48.00 per share, for a total transaction of $300,000.00. Following the purchase, 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. Over the last 90 days, insiders have acquired 11,936 shares of company stock worth $572,928. 1.10% of the stock is currently owned by corporate 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.