Brokerages forecast that Visteon Corp (NYSE:VC) will announce earnings of $1.71 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Visteon’s earnings. The highest EPS estimate is $1.87 and the lowest is $1.52. Visteon reported earnings per share of $1.82 during the same quarter last year, which would suggest a negative year-over-year growth rate of 6%. The company is expected to issue its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Visteon will report full-year earnings of $6.25 per share for the current year, with EPS estimates ranging from $6.10 to $6.38. For the next year, analysts anticipate that the business will report earnings of $6.98 per share, with EPS estimates ranging from $6.55 to $7.34. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Visteon.
Visteon (NYSE:VC) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.17. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm had revenue of $765.00 million for the quarter, compared to analyst estimates of $761.95 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year.
A number of research firms recently weighed in on VC. FBR & Co upped their target price on shares of Visteon from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Visteon from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a report on Wednesday, October 18th. Robert W. Baird restated a “buy” rating and issued a $143.00 target price on shares of Visteon in a report on Tuesday, October 17th. B. Riley restated a “buy” rating on shares of Visteon in a report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of Visteon from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Visteon currently has an average rating of “Buy” and an average target price of $132.31.
In other Visteon news, CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $130.00, for a total value of $325,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,595 shares of the company’s stock, valued at approximately $1,117,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 15,000 shares of company stock valued at $1,932,325 over the last ninety days. 0.19% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of VC. Tower Research Capital LLC TRC grew its position in shares of Visteon by 2,531.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 962 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Visteon by 6.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after acquiring an additional 61 shares during the period. Quantbot Technologies LP grew its position in shares of Visteon by 2.8% during the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 30 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Visteon by 64.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after acquiring an additional 526 shares during the period. Finally, Riverhead Capital Management LLC bought a new position in shares of Visteon during the 2nd quarter valued at approximately $153,000.
Shares of Visteon (NYSE:VC) traded down $5.02 during midday trading on Tuesday, hitting $133.01. 448,179 shares of the stock traded hands, compared to its average volume of 211,871. Visteon has a 52-week low of $86.10 and a 52-week high of $140.64. The firm has a market capitalization of $4,140.00, a price-to-earnings ratio of 25.43, a P/E/G ratio of 1.34 and a beta of 0.86. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47.
Visteon announced that its Board of Directors has initiated a share buyback program on Tuesday, January 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
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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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