Wall Street brokerages expect Visteon Corp (NYSE:VC) to post earnings per share of $1.49 for the current quarter, Zacks Investment Research reports. Five analysts have issued 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 reported earnings of $1.38 per share in the same quarter last year, which would indicate a positive year over year growth rate of 8%. The firm is expected to report its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Visteon will report full year earnings of $7.03 per share for the current financial year, with EPS estimates ranging from $6.57 to $7.42. For the next financial year, analysts anticipate that the company will post earnings of $7.87 per share, with EPS estimates ranging from $7.17 to $8.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Visteon.
Visteon (NYSE:VC) last released its quarterly earnings data on Thursday, April 26th. The auto parts company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.29. The business had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $832.35 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.73 EPS.
Several equities analysts have recently weighed in on the company. Susquehanna Bancshares set a $143.00 price target on Visteon and gave the company a “buy” rating in a report on Wednesday, March 14th. Longbow Research set a $160.00 price target on Visteon and gave the company a “buy” rating in a report on Monday, April 30th. Guggenheim set a $145.00 price target on Visteon and gave the company a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets set a $160.00 price target on Visteon and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Morgan Stanley cut Visteon from an “overweight” rating to an “underweight” rating and set a $110.00 price target on the stock. in a report on Thursday, March 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $140.33.
In related news, CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $125.00, for a total value of $312,500.00. Following the transaction, the chief executive officer now directly owns 32,527 shares of the company’s stock, valued at approximately $4,065,875. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. raised its holdings in Visteon by 18.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,716 shares of the auto parts company’s stock worth $300,000 after purchasing an additional 422 shares during the period. Amalgamated Bank increased its stake in Visteon by 6.8% in the 1st quarter. Amalgamated Bank now owns 6,677 shares of the auto parts company’s stock worth $736,000 after buying an additional 424 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Visteon by 42.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock worth $220,000 after buying an additional 526 shares in the last quarter. Aperio Group LLC increased its stake in Visteon by 5.7% in the 4th quarter. Aperio Group LLC now owns 12,623 shares of the auto parts company’s stock worth $1,580,000 after buying an additional 679 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its stake in Visteon by 3.2% in the 1st quarter. Eagle Global Advisors LLC now owns 26,942 shares of the auto parts company’s stock worth $2,970,000 after buying an additional 825 shares in the last quarter.
Visteon traded down $1.21, hitting $134.20, during midday trading on Tuesday, Marketbeat reports. The company’s stock had a trading volume of 5,425 shares, compared to its average volume of 333,416. 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 has a 12 month low of $91.75 and a 12 month high of $140.64.
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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