Noble Financial Analysts Increase Earnings Estimates for V2X

V2X, Inc. (NYSE:VVX) – Equities research analysts at Noble Financial lifted their FY2024 EPS estimates for V2X in a research note issued to investors on Tuesday, November 5th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of $4.19 per share for the year, up from their prior estimate of $4.07. The consensus estimate for V2X’s current full-year earnings is $4.14 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 data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $0.73 earnings per share. V2X’s revenue was up 8.0% compared to the same quarter last year.

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

V2X Price Performance

NYSE:VVX opened at $66.52 on Thursday. The company has a market capitalization of $2.10 billion, a P/E ratio of 237.58 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X has a 52 week low of $37.04 and a 52 week high of $69.27. The stock’s fifty day moving average is $58.08 and its two-hundred day moving average is $52.14.

Institutional Investors Weigh In On V2X

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in V2X by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,998 shares of the company’s stock valued at $420,000 after purchasing an additional 759 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in V2X by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock worth $475,000 after acquiring an additional 287 shares during the period. Sei Investments Co. raised its position in V2X by 8.3% in the first quarter. Sei Investments Co. now owns 21,456 shares of the company’s stock worth $1,002,000 after acquiring an additional 1,639 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in V2X in the first quarter valued at $142,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of V2X during the 1st quarter worth $307,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Insider Activity

In other news, Director Eric M. Pillmore acquired 3,125 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other V2X news, Director Eric M. Pillmore bought 3,125 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 41,516 shares in the company, valued at approximately $1,992,768. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeremy C. Wensinger bought 6,250 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, for a total transaction of $300,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,250 shares in the company, valued at approximately $300,000. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 11,936 shares of company stock worth $572,928. Corporate 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.