Visteon Corporation (NASDAQ:VC) Declares Quarterly Dividend of $0.38

Visteon Corporation (NASDAQ:VCGet Free Report) announced a quarterly dividend on Monday, May 18th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.375 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, June 1st.

Visteon has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Visteon to earn $9.73 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 15.4%.

Visteon Trading Down 1.8%

Shares of NASDAQ:VC opened at $108.50 on Tuesday. Visteon has a 52 week low of $81.18 and a 52 week high of $129.10. The company’s 50 day moving average is $98.15 and its two-hundred day moving average is $99.09. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.90 billion, a PE ratio of 13.22, a P/E/G ratio of 1.39 and a beta of 1.26.

Visteon (NASDAQ:VCGet Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The firm had revenue of $954.00 million during the quarter, compared to analysts’ expectations of $901.33 million. During the same period in the prior year, the company posted $2.47 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that Visteon will post 8.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on VC shares. Wells Fargo & Company dropped their price objective on shares of Visteon from $125.00 to $124.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Barclays increased their price objective on shares of Visteon from $110.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. lowered their target price on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Morgan Stanley set a $115.00 target price on shares of Visteon in a report on Monday, April 27th. Finally, Robert W. Baird upped their target price on shares of Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.42.

Read Our Latest Analysis on Visteon

Visteon Company Profile

(Get Free Report)

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.

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Dividend History for Visteon (NASDAQ:VC)

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