V2X (NYSE:VVX – Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 3.950-4.200 for the period, compared to the consensus EPS estimate of 4.120. The company issued revenue guidance of $4.2 billion-$4.3 billion, compared to the consensus revenue estimate of $4.3 billion.
V2X Stock Down 3.5 %
Shares of NYSE VVX traded down $2.43 during midday trading on Thursday, reaching $66.39. 102,090 shares of the company’s stock traded hands, compared to its average volume of 104,557. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15. The stock’s 50 day simple moving average is $57.67 and its 200-day simple moving average is $51.91. V2X has a one year low of $37.04 and a one year high of $69.27. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 245.79 and a beta of 0.57.
V2X (NYSE:VVX – Get Free Report) last posted its 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 net margin of 0.22% and a return on equity of 13.52%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. V2X’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts predict that V2X will post 4.11 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on VVX
Insider Activity at V2X
In other V2X news, CFO Shawn Mural acquired 937 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, with a total value of $44,976.00. Following the transaction, the chief financial officer now directly owns 1,437 shares in the company, valued at approximately $68,976. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jeremy C. Wensinger purchased 6,250 shares of V2X stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, for a total transaction of $300,000.00. Following the transaction, the chief executive officer now owns 6,250 shares in the company, valued at $300,000. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shawn Mural purchased 937 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $48.00 per share, for a total transaction of $44,976.00. Following the purchase, the chief financial officer now owns 1,437 shares in the company, valued at $68,976. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 11,936 shares of company stock valued at $572,928 in the last quarter. Insiders own 1.10% of the company’s stock.
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.
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