Equities research analysts expect Visteon Corp (NYSE:VC) to report $1.49 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Visteon’s earnings. The highest EPS estimate is $1.67 and the lowest is $1.36. Visteon posted earnings of $1.38 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8%. The firm is scheduled to issue its next earnings results on Thursday, July 26th.
On average, analysts expect that Visteon will report full year earnings of $6.98 per share for the current year, with EPS estimates ranging from $6.57 to $7.34. For the next financial year, analysts anticipate that the business will report earnings of $7.87 per share, with EPS estimates ranging from $7.17 to $8.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts 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 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.29. The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $832.35 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. Visteon’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.73 earnings per share.
Several research analysts recently weighed in on the company. Citigroup dropped their price target on Visteon from $128.00 to $126.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 8th. Longbow Research set a $160.00 price target on Visteon and gave the company a “buy” rating in a research report on Monday, April 30th. Wells Fargo lowered their target price on Visteon from $141.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 17th. Cowen started coverage on Visteon in a research note on Monday, April 16th. They issued an “outperform” rating and a $136.00 target price on the stock. Finally, Robert W. Baird boosted their target price on Visteon from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $140.33.
In other news, CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $125.00, for a total transaction of $312,500.00. Following the completion of the sale, the chief executive officer now owns 32,527 shares in the company, valued at approximately $4,065,875. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VC. WINTON GROUP Ltd bought a new stake in Visteon during the 1st quarter valued at approximately $1,569,000. Handelsbanken Fonder AB boosted its stake in Visteon by 41.4% during the 1st quarter. Handelsbanken Fonder AB now owns 205,000 shares of the auto parts company’s stock valued at $22,599,000 after purchasing an additional 60,000 shares during the period. Xact Kapitalforvaltning AB boosted its stake in Visteon by 59.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 4,551 shares of the auto parts company’s stock valued at $502,000 after purchasing an additional 1,700 shares during the period. Robecosam AG bought a new stake in Visteon during the 1st quarter valued at approximately $27,560,000. Finally, Millennium Management LLC boosted its stake in Visteon by 475.7% during the 1st quarter. Millennium Management LLC now owns 247,152 shares of the auto parts company’s stock valued at $27,246,000 after purchasing an additional 204,225 shares during the period.
Visteon traded up $1.02, hitting $132.30, during trading hours on Tuesday, Marketbeat Ratings reports. 323,888 shares of the company’s stock traded hands, compared to its average volume of 340,648. Visteon has a twelve month low of $91.20 and a twelve month high of $140.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76.
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.
Get a free copy of the Zacks research report on Visteon (VC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.