Noble Financial Comments on V2X’s FY2024 Earnings (NYSE:VVX)

V2X, Inc. (NYSE:VVX) – Equities researchers at Noble Financial upped their FY2024 earnings estimates for shares of V2X in a report issued on Tuesday, November 5th. Noble Financial analyst J. Gomes now anticipates that the company will post earnings per share of $4.19 for the year, up from their previous 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.

V2X (NYSE:VVX) last released its quarterly earnings results on Monday, November 4th. The company reported $1.29 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 business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm posted $0.73 EPS. V2X’s quarterly revenue was up 8.0% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on VVX. Robert W. Baird assumed coverage on V2X in a research note on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective on the stock. JMP Securities boosted their price objective on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday. Baird R W raised shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of V2X in a research report on Tuesday. Finally, Raymond James upped their price objective on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $70.60.

V2X Trading Up 9.8 %

Shares of V2X stock opened at $68.82 on Thursday. The stock has a fifty day moving average price of $57.67 and a 200-day moving average price of $51.91. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. V2X has a 1 year low of $37.04 and a 1 year high of $69.27. The firm has a market cap of $2.15 billion, a PE ratio of 245.79 and a beta of 0.57.

Insider Activity at V2X

In other news, Director Eric M. Pillmore purchased 3,125 shares of V2X stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the transaction, the director now directly owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Shawn Mural bought 937 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the completion of the transaction, the chief financial officer now owns 1,437 shares of the company’s stock, valued at approximately $68,976. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric M. Pillmore bought 3,125 shares of the firm’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 purchase, the director now owns 41,516 shares in the company, valued at $1,992,768. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 11,936 shares of company stock valued at $572,928 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of V2X by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after purchasing an additional 87,741 shares during the period. Vanguard Group Inc. raised its holdings in shares of V2X by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock valued at $27,476,000 after purchasing an additional 5,259 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of V2X by 152.7% during the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock valued at $13,404,000 after purchasing an additional 168,886 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in V2X by 1.1% during the second quarter. First Eagle Investment Management LLC now owns 181,833 shares of the company’s stock valued at $8,721,000 after buying an additional 2,067 shares during the period. Finally, Peregrine Capital Management LLC bought a new position in shares of V2X in the 2nd quarter worth $6,982,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

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.