Wall Street analysts forecast that Visteon Corp (NYSE:VC) will post earnings per share of $1.49 for the current quarter, Zacks reports. Five analysts have made estimates for Visteon’s earnings, with the highest EPS estimate coming in at $1.67 and the lowest estimate coming in at $1.36. Visteon posted earnings of $1.38 per share during the same quarter last year, which suggests a positive year over year growth rate of 8%. The firm is scheduled to report its next earnings report on Thursday, July 26th.
According to Zacks, 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 fiscal year, analysts forecast that the firm will post earnings of $7.87 per share, with EPS estimates ranging from $7.17 to $8.75. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Visteon.
Visteon (NYSE:VC) last released its earnings results on Thursday, April 26th. The auto parts company reported $2.08 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $832.35 million. During the same period in the prior year, the firm earned $1.73 EPS. The company’s revenue was up .5% compared to the same quarter last year.
Several research analysts recently commented on the stock. Citigroup cut their price objective on shares of Visteon from $128.00 to $126.00 and set a “neutral” rating for the company in a report on Tuesday, May 8th. Longbow Research set a $160.00 price objective on shares of Visteon and gave the stock a “buy” rating in a report on Monday, April 30th. Wells Fargo cut their price target on shares of Visteon from $141.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, April 17th. Cowen assumed coverage on shares of Visteon in a report on Monday, April 16th. They issued an “outperform” rating and a $136.00 price target for the company. Finally, Robert W. Baird raised their price target on shares of Visteon from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $140.33.
Visteon traded down $1.44, hitting $132.65, on Tuesday, according to MarketBeat. The company’s stock had a trading volume of 448,924 shares, compared to its average volume of 340,408. Visteon has a 12 month low of $91.20 and a 12 month high of $140.64. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47.
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 transaction, the chief executive officer now owns 32,527 shares in the company, valued at approximately $4,065,875. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. US Bancorp DE increased its position in shares of 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Visteon by 42.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock valued at $220,000 after purchasing an additional 526 shares in the last quarter. TLP Group LLC boosted its stake in shares of Visteon by 61,600.0% during the 1st quarter. TLP Group LLC now owns 1,851 shares of the auto parts company’s stock valued at $204,000 after purchasing an additional 1,848 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Visteon during the 1st quarter valued at about $213,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Visteon by 644.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,294 shares of the auto parts company’s stock valued at $287,000 after purchasing 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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