Noble Financial Analysts Lower Earnings Estimates for V2X, Inc. (NYSE:VVX)

V2X, Inc. (NYSE:VVX) – Equities researchers at Noble Financial decreased their Q2 2024 earnings per share estimates for V2X in a report released on Wednesday, May 8th. Noble Financial analyst J. Gomes now anticipates that the company will earn $0.94 per share for the quarter, down from their prior forecast of $1.00. The consensus estimate for V2X’s current full-year earnings is $4.09 per share. Noble Financial also issued estimates for V2X’s Q3 2024 earnings at $0.91 EPS and Q4 2024 earnings at $1.25 EPS.

V2X (NYSE:VVX) last posted its earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $973.17 million. V2X had a negative net margin of 0.57% and a positive return on equity of 11.95%. V2X’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS.

Several other analysts also recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $65.00 target price on shares of V2X in a research note on Wednesday, March 6th. Royal Bank of Canada raised their price objective on shares of V2X from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus upped their target price on shares of V2X from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday.

V2X Trading Up 0.1 %

Shares of NYSE:VVX opened at $49.93 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.99 and a current ratio of 1.04. The stock’s 50-day moving average is $46.10 and its 200-day moving average is $43.82. The company has a market cap of $1.57 billion, a P/E ratio of -67.47 and a beta of 0.68. V2X has a 52-week low of $37.04 and a 52-week high of $56.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in shares of V2X by 15.4% in the 3rd quarter. FMR LLC now owns 3,026,115 shares of the company’s stock valued at $156,329,000 after buying an additional 402,753 shares in the last quarter. Goldman Sachs Group Inc. raised its position in V2X by 74.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 366,282 shares of the company’s stock worth $17,010,000 after purchasing an additional 156,866 shares in the last quarter. Moneta Group Investment Advisors LLC bought a new position in V2X during the third quarter worth about $4,048,000. First Eagle Investment Management LLC boosted its holdings in V2X by 22.7% during the third quarter. First Eagle Investment Management LLC now owns 175,129 shares of the company’s stock valued at $9,047,000 after purchasing an additional 32,354 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of V2X in the 3rd quarter valued at approximately $1,433,000. 95.18% of the stock is owned by institutional investors.

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.