Wall Street brokerages forecast that Visteon Corp (NYSE:VC) will report $800.55 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Visteon’s earnings. The highest sales estimate is $846.76 million and the lowest is $782.00 million. Visteon reported sales of $774.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The firm is scheduled to issue its next earnings report on Thursday, July 26th.
On average, analysts expect that Visteon will report full year sales of $3.25 billion for the current fiscal year, with estimates ranging from $3.19 billion to $3.33 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.45 billion per share, with estimates ranging from $3.41 billion to $3.49 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Visteon.
Visteon (NYSE:VC) last posted its quarterly earnings results on Thursday, April 26th. The auto parts company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.79 by $0.29. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm had revenue of $814.00 million for the quarter, compared to the consensus estimate of $832.35 million. During the same period last year, the firm posted $1.73 earnings per share. The business’s revenue was up .5% compared to the same quarter last year.
Several brokerages have recently issued reports on VC. JPMorgan Chase cut shares of Visteon from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $142.00 to $137.00 in a report on Monday, January 22nd. Morgan Stanley cut shares of Visteon from an “overweight” rating to an “underweight” rating and set a $110.00 target price on the stock. in a report on Thursday, March 22nd. BMO Capital Markets set a $160.00 target price on shares of Visteon and gave the stock a “buy” rating in a report on Friday, February 23rd. Robert W. Baird raised their target price on shares of Visteon from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, April 9th. Finally, Citigroup cut their target price on shares of Visteon from $128.00 to $126.00 and set a “neutral” rating on the stock in a report on Tuesday, May 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $140.33.
Shares of Visteon stock opened at $132.54 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. Visteon has a 52-week low of $130.74 and a 52-week high of $131.54.
In related news, CEO Sachin Lawande sold 2,500 shares of Visteon stock in a transaction on Monday, May 7th. The shares were sold at an average price of $125.00, for a total value of $312,500.00. Following the sale, the chief executive officer now owns 32,527 shares in the company, valued at $4,065,875. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in Visteon by 261.2% in the first quarter. US Bancorp DE now owns 1,293 shares of the auto parts company’s stock valued at $143,000 after acquiring an additional 935 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Visteon by 42.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock valued at $220,000 after acquiring an additional 526 shares in the last quarter. TLP Group LLC boosted its holdings in Visteon by 61,600.0% in the first quarter. TLP Group LLC now owns 1,851 shares of the auto parts company’s stock valued at $204,000 after acquiring an additional 1,848 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Visteon in the first quarter valued at $213,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in Visteon by 644.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,294 shares of the auto parts company’s stock valued at $287,000 after acquiring an additional 1,986 shares in 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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