Visteon Co. (NASDAQ:VC – Get Rating) – Research analysts at Jefferies Financial Group cut their Q2 2022 earnings per share (EPS) estimates for shares of Visteon in a research report issued to clients and investors on Friday, April 29th. Jefferies Financial Group analyst D. Kelley now forecasts that the company will post earnings of $0.66 per share for the quarter, down from their prior estimate of $0.67. Jefferies Financial Group currently has a “Buy” rating and a $145.00 price target on the stock. Jefferies Financial Group also issued estimates for Visteon’s Q3 2022 earnings at $1.36 EPS.
Visteon (NASDAQ:VC – Get Rating) last posted its earnings results on Thursday, April 28th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.45. Visteon had a net margin of 1.65% and a return on equity of 14.10%. The firm had revenue of $818.00 million during the quarter, compared to analysts’ expectations of $731.40 million. During the same period last year, the company posted $0.56 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year.
NASDAQ:VC opened at $104.71 on Monday. The stock has a 50-day moving average of $104.75. Visteon has a 12 month low of $88.82 and a 12 month high of $134.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.36 and a current ratio of 1.67. The stock has a market cap of $2.93 billion, a PE ratio of 63.46 and a beta of 1.91.
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Visteon by 1.5% in the fourth quarter. BlackRock Inc. now owns 3,033,103 shares of the company’s stock worth $337,101,000 after acquiring an additional 45,547 shares during the period. Janus Henderson Group PLC grew its stake in shares of Visteon by 0.7% in the third quarter. Janus Henderson Group PLC now owns 2,667,550 shares of the company’s stock worth $251,790,000 after acquiring an additional 17,470 shares during the period. Wellington Management Group LLP grew its stake in shares of Visteon by 19.8% in the third quarter. Wellington Management Group LLP now owns 1,555,379 shares of the company’s stock worth $146,813,000 after acquiring an additional 256,689 shares during the period. Victory Capital Management Inc. grew its stake in shares of Visteon by 14.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,360,429 shares of the company’s stock worth $151,198,000 after acquiring an additional 173,616 shares during the period. Finally, State Street Corp boosted its holdings in shares of Visteon by 1.1% in the fourth quarter. State Street Corp now owns 1,013,285 shares of the company’s stock worth $112,616,000 after buying an additional 11,499 shares during the last quarter.
About Visteon (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.
- Get a free copy of the StockNews.com research report on Visteon (VC)
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