V2X (VVX) to Release Quarterly Earnings on Tuesday

V2X (NYSE:VVX) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. V2X has set its FY24 guidance at $3.85-$4.20 EPS.Parties interested in listening to the company’s conference call can do so using this link.

V2X (NYSE:VVX) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.15. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company earned $0.92 earnings per share. V2X’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts expect V2X to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

V2X Stock Performance

Shares of NYSE VVX traded down $0.39 during midday trading on Tuesday, reaching $49.20. 1,949 shares of the company were exchanged, compared to its average volume of 88,869. The stock has a fifty day simple moving average of $44.41 and a 200 day simple moving average of $43.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.99 and a current ratio of 1.04. V2X has a 1 year low of $37.04 and a 1 year high of $56.75.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VVX. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price target on shares of V2X in a report on Wednesday, March 6th. JMP Securities reiterated a “market outperform” rating and set a $65.00 target price on shares of V2X in a report on Wednesday, March 6th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $52.00 target price (down previously from $59.00) on shares of V2X in a research report on Friday, January 5th.

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.