Wall Street analysts expect Visteon Corp (NYSE:VC) to post $1.31 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Visteon’s earnings, with the lowest EPS estimate coming in at $1.11 and the highest estimate coming in at $1.49. Visteon reported earnings of $1.42 per share during the same quarter last year, which would indicate a negative year over year growth rate of 7.7%. The business is expected to issue its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that Visteon will report full year earnings of $6.51 per share for the current financial year, with EPS estimates ranging from $6.20 to $6.95. For the next fiscal year, analysts expect that the firm will report earnings of $7.31 per share, with EPS estimates ranging from $6.00 to $8.18. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Visteon.
Visteon (NYSE:VC) last issued its quarterly earnings data on Thursday, July 26th. The auto parts company reported $1.37 EPS for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.10). The company had revenue of $758.00 million for 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 company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.38 EPS.
VC has been the topic of a number of recent research reports. Goldman Sachs Group cut Visteon from a “buy” rating to a “neutral” rating and set a $142.00 price objective on the stock. in a research note on Friday, July 13th. Royal Bank of Canada restated a “hold” rating and set a $123.00 price objective on shares of Visteon in a research note on Friday, July 27th. Morgan Stanley set a $98.00 price objective on Visteon and gave the stock a “sell” rating in a research note on Monday, August 13th. Raymond James restated a “buy” rating on shares of Visteon in a research note on Monday, August 20th. Finally, Zacks Investment Research cut Visteon from a “buy” rating to a “hold” rating in a research note on Thursday, May 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $137.47.
Shares of VC traded down $0.71 during midday trading on Thursday, reaching $100.95. 376,800 shares of the company were exchanged, compared to its average volume of 439,068. Visteon has a 1-year low of $100.62 and a 1-year high of $140.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97.
In related news, CEO Sachin Lawande sold 5,000 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $126.81, for a total value of $634,050.00. Following the completion of the sale, the chief executive officer now directly owns 81,801 shares of the company’s stock, valued at $10,373,184.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert R. Vallance sold 850 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $116.85, for a total value of $99,322.50. Following the completion of the sale, the insider now directly owns 4,414 shares of the company’s stock, valued at $515,775.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,350 shares of company stock worth $1,028,373. Insiders own 0.19% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Moody Aldrich Partners LLC increased its holdings in Visteon by 69.3% in the second quarter. Moody Aldrich Partners LLC now owns 26,917 shares of the auto parts company’s stock valued at $3,479,000 after buying an additional 11,020 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Visteon by 22.2% in the second quarter. Bank of New York Mellon Corp now owns 2,476,560 shares of the auto parts company’s stock valued at $320,071,000 after buying an additional 449,197 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Visteon by 15.4% in the second quarter. Public Employees Retirement System of Ohio now owns 93,872 shares of the auto parts company’s stock valued at $12,132,000 after buying an additional 12,502 shares during the last quarter. Global X Management Co LLC bought a new stake in Visteon in the second quarter valued at about $302,000. Finally, Putnam Investments LLC increased its holdings in Visteon by 4.8% in the second quarter. Putnam Investments LLC now owns 64,625 shares of the auto parts company’s stock valued at $8,352,000 after buying an additional 2,970 shares during the last quarter.
Visteon Company Profile
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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