Visteon (NASDAQ:VC) Releases Earnings Results, Beats Estimates By $0.45 EPS

Visteon (NASDAQ:VCGet Rating) released its earnings results on Thursday. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.45, MarketWatch Earnings reports. Visteon had a return on equity of 11.42% and a net margin of 1.48%. The firm had revenue of $818.00 million during the quarter, compared to the consensus estimate of $731.40 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year.

VC stock opened at $105.21 on Friday. Visteon has a 52 week low of $88.82 and a 52 week high of $134.57. The company has a quick ratio of 1.36, a current ratio of 1.67 and a debt-to-equity ratio of 0.57. The firm has a 50-day simple moving average of $105.06 and a 200-day simple moving average of $108.83. The stock has a market capitalization of $2.95 billion, a P/E ratio of 73.06 and a beta of 1.91.

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC acquired a new stake in Visteon during the 4th quarter worth $29,000. Stifel Financial Corp acquired a new stake in Visteon in the 4th quarter valued at about $215,000. Marshall Wace LLP purchased a new position in Visteon in the 4th quarter worth approximately $226,000. Advisors Asset Management Inc. purchased a new stake in shares of Visteon in the fourth quarter valued at approximately $238,000. Finally, LPL Financial LLC increased its holdings in shares of Visteon by 1.9% in the third quarter. LPL Financial LLC now owns 6,978 shares of the company’s stock valued at $659,000 after purchasing an additional 132 shares during the last quarter.

Several analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of Visteon from $75.00 to $72.00 and set an “underweight” rating for the company in a research note on Wednesday, April 6th. Robert W. Baird upped their target price on Visteon from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, February 18th. Zacks Investment Research cut Visteon from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. Citigroup lowered their price objective on Visteon from $119.00 to $108.00 in a research report on Tuesday, April 5th. Finally, Jefferies Financial Group lifted their target price on shares of Visteon from $132.00 to $145.00 and gave the company a “buy” rating in a report on Friday, February 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $119.31.

Visteon Company Profile (Get Rating)

Visteon Corporation, an automotive technology company, engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback, and light effects; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence-based voice assistant with natural language understanding.

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Earnings History for Visteon (NASDAQ:VC)

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