Analysts Expect Visteon Co. (NASDAQ:VC) to Announce $0.72 Earnings Per Share

Equities analysts forecast that Visteon Co. (NASDAQ:VCGet Rating) will announce earnings per share (EPS) of $0.72 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Visteon’s earnings, with estimates ranging from $0.61 to $0.80. Visteon reported earnings of ($0.32) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 325%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Visteon will report full year earnings of $4.39 per share for the current year, with EPS estimates ranging from $4.00 to $4.87. For the next year, analysts forecast that the firm will report earnings of $7.47 per share, with EPS estimates ranging from $6.80 to $8.14. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Visteon.

Visteon (NASDAQ:VCGet Rating) last issued its earnings results on Thursday, April 28th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.45. Visteon had a net margin of 1.65% and a return on equity of 13.40%. The business had revenue of $818.00 million for the quarter, compared to the consensus estimate of $731.40 million. During the same period in the previous year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis.

A number of research analysts have recently commented on VC shares. Robert W. Baird increased their target price on shares of Visteon from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 18th. Bank of America raised shares of Visteon from an “underperform” rating to a “neutral” rating and increased their target price for the company from $122.00 to $140.00 in a research report on Wednesday, April 6th. BNP Paribas initiated coverage on shares of Visteon in a research report on Monday, April 11th. They set a “neutral” rating and a $99.00 price objective for the company. Citigroup cut their target price on Visteon from $119.00 to $108.00 in a report on Tuesday, April 5th. Finally, The Goldman Sachs Group dropped their price objective on Visteon from $156.00 to $138.00 and set a “buy” rating on the stock in a research note on Tuesday, March 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $119.62.

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC purchased a new position in shares of Visteon in the fourth quarter valued at about $29,000. Spire Wealth Management bought a new stake in Visteon during the fourth quarter worth approximately $30,000. Strs Ohio increased its stake in Visteon by 100.0% during the first quarter. Strs Ohio now owns 400 shares of the company’s stock worth $43,000 after acquiring an additional 200 shares during the last quarter. Sageworth Trust Co of South Dakota bought a new stake in Visteon during the fourth quarter worth approximately $45,000. Finally, Concord Wealth Partners grew its stake in shares of Visteon by 182.3% during the fourth quarter. Concord Wealth Partners now owns 525 shares of the company’s stock valued at $58,000 after buying an additional 339 shares during the last quarter.

VC stock opened at $108.88 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.32. The company has a 50-day simple moving average of $104.28. Visteon has a 52 week low of $88.82 and a 52 week high of $134.57. The firm has a market capitalization of $3.06 billion, a P/E ratio of 65.99 and a beta of 1.80.

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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