V2X (VVX) Scheduled to Post Earnings on Tuesday

V2X (NYSE:VVX) is scheduled to issue its quarterly earnings data 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.Investors interested in participating in the company’s conference call can do so using this link.

V2X (NYSE:VVX) last released 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. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. V2X had a positive return on equity of 11.95% and a negative net margin of 0.57%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. On average, analysts expect V2X to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

V2X Price Performance

Shares of VVX opened at $51.45 on Friday. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -69.53 and a beta of 0.68. The stock’s fifty day moving average is $45.35 and its 200-day moving average is $43.85. V2X has a one year low of $37.04 and a one year high of $56.75. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.99 and a current ratio of 1.04.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of V2X in a research report on Wednesday, March 6th. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 target price on shares of V2X in a report on Wednesday, March 6th.

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.