Vontier (NYSE:VNT) Issues FY 2024 Earnings Guidance

Vontier (NYSE:VNT) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 2.860-2.920 for the period, compared to the consensus EPS estimate of 2.850. The company issued revenue guidance of $3.0 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion. Vontier also updated its Q4 guidance to $0.79 EPS.

Vontier Price Performance

Shares of VNT traded down $0.12 during midday trading on Friday, reaching $36.96. The stock had a trading volume of 1,215,603 shares, compared to its average volume of 742,318. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.26. The company has a market capitalization of $5.68 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.63 and a beta of 1.24. The firm’s 50 day moving average price is $33.95 and its 200-day moving average price is $36.95. Vontier has a 52 week low of $29.99 and a 52 week high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. During the same period in the previous year, the business earned $0.73 earnings per share. Vontier’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts forecast that Vontier will post 2.88 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.27%. Vontier’s dividend payout ratio (DPR) is 3.83%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VNT. Barclays reduced their price objective on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Evercore ISI cut their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Robert W. Baird decreased their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Vontier Company Profile

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.