Equities analysts expect Visteon Corp (NYSE:VC) to report earnings per share of $1.31 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Visteon’s earnings, with estimates ranging from $1.11 to $1.49. Visteon posted earnings per share of $1.42 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.7%. The company is scheduled to report its next quarterly earnings results on Thursday, October 25th.
On average, analysts expect that Visteon will report full-year earnings of $6.51 per share for the current fiscal year, with EPS estimates ranging from $6.20 to $6.95. For the next fiscal year, analysts anticipate that the firm will post earnings of $7.31 per share, with EPS estimates ranging from $6.00 to $8.18. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Visteon.
Visteon (NYSE:VC) last posted its quarterly earnings data on Thursday, July 26th. The auto parts company reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.10). The business had revenue of $758.00 million during the quarter, compared to analyst estimates of $794.15 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS.
VC has been the subject of a number of recent analyst reports. Zacks Investment Research cut Visteon from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Goldman Sachs Group cut Visteon from a “buy” rating to a “neutral” rating and set a $142.00 price objective for the company. in a research report on Friday, July 13th. Wells Fargo & Co cut Visteon from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $146.00 to $137.00 in a research report on Tuesday, July 17th. Longbow Research set a $145.00 price target on Visteon and gave the stock a “buy” rating in a research report on Thursday, July 26th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $123.00 price target on shares of Visteon in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $137.47.
In other Visteon news, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $126.81, for a total transaction of $634,050.00. Following the completion of the transaction, the chief executive officer now owns 81,801 shares in the company, valued at approximately $10,373,184.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harry James Wilson acquired 2,500 shares of Visteon stock in a transaction on Wednesday, August 1st. The shares were bought at an average price of $116.71 per share, with a total value of $291,775.00. Following the purchase, the director now directly owns 2,600 shares in the company, valued at approximately $303,446. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 8,350 shares of company stock valued at $1,028,373. 0.19% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VC. American Century Companies Inc. increased its stake in shares of Visteon by 815.6% in the 1st quarter. American Century Companies Inc. now owns 39,042 shares of the auto parts company’s stock valued at $4,304,000 after purchasing an additional 34,778 shares in the last quarter. Swiss National Bank increased its stake in shares of Visteon by 2.3% in the 1st quarter. Swiss National Bank now owns 54,300 shares of the auto parts company’s stock valued at $5,986,000 after purchasing an additional 1,200 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Visteon by 10.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 134,406 shares of the auto parts company’s stock valued at $14,817,000 after purchasing an additional 12,613 shares in the last quarter. Stevens Capital Management LP increased its stake in shares of Visteon by 51.0% in the 1st quarter. Stevens Capital Management LP now owns 3,942 shares of the auto parts company’s stock valued at $435,000 after purchasing an additional 1,332 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Visteon by 50.1% in the 1st quarter. Neuberger Berman Group LLC now owns 249,008 shares of the auto parts company’s stock valued at $27,451,000 after purchasing an additional 83,144 shares in the last quarter.
Shares of Visteon stock traded up $2.83 during trading on Thursday, reaching $103.78. The company’s stock had a trading volume of 658,705 shares, compared to its average volume of 440,315. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. Visteon has a 1-year low of $100.62 and a 1-year high of $140.64.
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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