V2X (NYSE:VVX) Announces Quarterly Earnings Results, Beats Expectations By $0.23 EPS

V2X (NYSE:VVX) announced its quarterly earnings data on Monday. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.23, FiscalAI reports. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. V2X had a return on equity of 15.22% and a net margin of 1.81%.

V2X Price Performance

Shares of NYSE VVX traded down $0.71 during mid-day trading on Monday, reaching $67.88. 426,461 shares of the company traded hands, compared to its average volume of 402,396. V2X has a fifty-two week low of $41.08 and a fifty-two week high of $71.79. The firm has a market cap of $2.14 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 0.62 and a beta of 0.12. The stock has a fifty day simple moving average of $62.97 and a 200-day simple moving average of $58.83. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.20 and a quick ratio of 1.20.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Stifel Nicolaus upped their price target on V2X from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c+)” rating on shares of V2X in a research report on Monday, December 29th. Morgan Stanley reaffirmed an “underweight” rating and issued a $61.00 price target on shares of V2X in a report on Tuesday, December 16th. Citigroup increased their price objective on shares of V2X from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, Truist Financial restated a “hold” rating and issued a $65.00 target price on shares of V2X in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.88.

Insiders Place Their Bets

In other V2X news, major shareholder American Industrial Partners C sold 1,200,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $55.05, for a total transaction of $66,060,000.00. Following the completion of the transaction, the insider directly owned 4,550,001 shares of the company’s stock, valued at approximately $250,477,555.05. This trade represents a 20.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vident Advisory LLC lifted its holdings in V2X by 2.5% in the 4th quarter. Vident Advisory LLC now owns 10,778 shares of the company’s stock valued at $588,000 after acquiring an additional 261 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of V2X in the 4th quarter worth approximately $240,000. Mackenzie Financial Corp lifted its stake in V2X by 24.1% during the fourth quarter. Mackenzie Financial Corp now owns 18,378 shares of the company’s stock valued at $1,014,000 after purchasing an additional 3,569 shares during the last quarter. Empowered Funds LLC lifted its stake in V2X by 10.8% during the fourth quarter. Empowered Funds LLC now owns 144,008 shares of the company’s stock valued at $7,856,000 after purchasing an additional 14,084 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in V2X during the fourth quarter worth approximately $315,000. 95.18% of the stock is owned by institutional investors and hedge funds.

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.