Stifel Reinstates Hold on Vectrus, Announces $42 Price Target
$VEC
Stifel analyst Bert Subin reinstates Vectrus (NYSE:VEC) with a Hold and announces $42 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/1/2022 | $65.00 | Buy | Truist |
| 3/18/2022 | $42.00 | Hold | Stifel |
MCLEAN, Va., July 05, 2022 (GLOBE NEWSWIRE) -- V2X, Inc. (NYSE:VEC) ("V2X" or the "Company") today announced the successful completion of Vectrus' combination with The Vertex Company ("Vertex"), creating a leading provider of critical mission solutions and support to defense clients globally. In connection with the closing, the Company was renamed V2X, Inc. The company will continue to trade on the New York Stock Exchange under the ticker "VEC" through July 7, 2022. Beginning at the open of business on July 8, 2022, V2X's common stock will trade under the ticker symbol "VVX". V2X offers clients around the world a broad suite of technology and service capabilities to support national secu
Q1 revenue +5.2% Y/Y to $456.5 million Operating income of $5.2 million; Adjusted EBITDA margin1 of 4.0%Q1 fully diluted EPS of $0.24; Adjusted diluted EPS1 of $1.01Several key wins expand and solidify work with Army, Navy, and National Security clientsReiterating revenue and adjusted diluted EPS1 guidanceCOLORADO SPRINGS, Colo., May 10, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) announced first quarter 2022 financial results. "Vectrus reported solid first quarter results driven by the continued expansion into LOGCAP V and our focus on diversification to new clients and mar
COLORADO SPRINGS, Colo., April 26, 2022 /PRNewswire/ -- Vectrus, Inc., (NYSE:VEC) will report its financial results for the First quarter ended April 1, 2022 on Tuesday, May 10, 2022, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day. U.S.-based participants may dial in to the conference call at 844-825-9789, while international participants may dial 412-317-5180. A live webcast of the conference call as well as an accompanying slide presentation will be available on the Vectrus Investor Relations website at http://investors.vec
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10-Q - V2X, Inc. (0001601548) (Filer)
Truist initiated coverage of Vectrus with a rating of Buy and set a new price target of $65.00
Stifel resumed coverage of Vectrus with a rating of Hold and set a new price target of $42.00
4 - V2X, Inc. (0001601548) (Issuer)
4 - V2X, Inc. (0001601548) (Issuer)
4 - V2X, Inc. (0001601548) (Issuer)
MCLEAN, Va., July 05, 2022 (GLOBE NEWSWIRE) -- V2X, Inc. (NYSE:VEC) ("V2X" or the "Company") today announced the successful completion of Vectrus' combination with The Vertex Company ("Vertex"), creating a leading provider of critical mission solutions and support to defense clients globally. In connection with the closing, the Company was renamed V2X, Inc. The company will continue to trade on the New York Stock Exchange under the ticker "VEC" through July 7, 2022. Beginning at the open of business on July 8, 2022, V2X's common stock will trade under the ticker symbol "VVX". V2X offers clients around the world a broad suite of technology and service capabilities to support national secu
Following Transaction Close, Newly Combined Company Will be Renamed V2X, Inc.; to Trade on NYSE under New Ticker: VVX COLORADO SPRINGS, Colo., June 15, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) today announced that based on voting results from the Special Meeting of Shareholders held today, Vectrus shareholders voted to approve the combination with Vertex. Following the close of the transaction, the combined company will be renamed V2X, Inc, and its common stock will trade on the NYSE under a new ticker symbol, "VVX". "Today's overwhelming approval marks a significant step
Vectrus Reminds Shareholders to Vote "FOR" All Merger-Related Proposals Special Meeting of Shareholders to be held on June 15, 2022 COLORADO SPRINGS, Colo., June 8, 2022 /PRNewswire/ -- Vectrus, Inc. (NYSE:VEC) today announced that leading independent proxy advisory firms Institutional Shareholder Services, Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), recommended that Vectrus shareholders vote "FOR" all proposals to be considered and voted on at Vectrus's Special Meeting of Shareholders (the "Special Meeting") in connection with the previously announced combination with Vertex (the "Transaction"). The Special Meeting is scheduled to be held on June 15, 2022 at 1:00 p.m. ET.
Vectrus, Inc. (NYSE:VEC) today announced that based on voting results from the Special Meeting of Shareholders held today, Vectrus shareholders voted to approve the combination with Vertex. Following the close of the transaction, the combined company will be renamed V2X, Inc, and its common stock will trade on the NYSE under a new ticker symbol, "VVX". "Today's overwhelming approval marks a significant step toward completing our merger with Vertex, and creating one of the leading providers of critical mission solutions and support to defense clients globally," said Chuck Prow, Chief Executive Officer of Vectrus. "Vectrus and Vertex - together as V2X - will be better positioned to meet the
Vectrus (NYSE:VEC) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Vectrus beat estimated earnings by 27.85%, reporting an EPS of $1.01 versus an estimate of $0.79. Revenue was up $22.47 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.04 which was followed by a 9.01% drop in the share price the next day. Here's a look at Vectrus's past performance: Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021 EPS Estimate 0.86 0.79 0.95 0.74 EPS Actual 0.90 1.15 1.52 1.20 Revenue Estimate 415.00M 434.00M 410.00M 376.95M Revenue Actual 419.41M 459.41M