Vontier (NYSE:VNT) Releases Q3 2022 Earnings Guidance

Vontier (NYSE:VNTGet Rating) updated its third quarter 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.85-$0.90 for the period, compared to the consensus estimate of $0.91. The company issued revenue guidance of -. Vontier also updated its FY 2022 guidance to $3.20-$3.30 EPS.

Wall Street Analysts Forecast Growth

Several research firms have commented on VNT. The Goldman Sachs Group reduced their price objective on Vontier from $31.00 to $26.00 and set a neutral rating for the company in a research note on Thursday, June 23rd. Barclays lowered their price target on Vontier from $39.00 to $33.00 and set an overweight rating on the stock in a report on Friday, July 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Vontier presently has an average rating of Moderate Buy and an average price target of $30.50.

Vontier Price Performance

Shares of VNT traded down $1.60 on Thursday, reaching $24.75. The stock had a trading volume of 1,823,064 shares, compared to its average volume of 1,615,070. Vontier has a twelve month low of $21.16 and a twelve month high of $37.08. The company has a quick ratio of 1.10, a current ratio of 1.48 and a debt-to-equity ratio of 4.68. The firm has a 50-day moving average of $24.22 and a 200 day moving average of $25.29. The firm has a market capitalization of $3.98 billion, a PE ratio of 7.30, a PEG ratio of 1.49 and a beta of 1.03.

Vontier (NYSE:VNTGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Vontier had a return on equity of 102.18% and a net margin of 18.88%. The firm had revenue of $748.10 million for the quarter, compared to analyst estimates of $738.84 million. During the same quarter in the prior year, the company earned $0.63 EPS. Vontier’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts expect that Vontier will post 3.23 EPS for the current year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 2nd were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, June 1st. Vontier’s payout ratio is currently 2.95%.

Institutional Investors Weigh In On Vontier

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sender Co & Partners Inc. purchased a new stake in Vontier in the 1st quarter valued at approximately $528,000. Beacon Pointe Advisors LLC purchased a new position in shares of Vontier during the 1st quarter worth $341,000. Royal Bank of Canada lifted its stake in shares of Vontier by 20.1% during the 1st quarter. Royal Bank of Canada now owns 1,064,405 shares of the company’s stock worth $27,024,000 after purchasing an additional 177,805 shares during the period. Captrust Financial Advisors lifted its stake in shares of Vontier by 24.8% during the 1st quarter. Captrust Financial Advisors now owns 9,224 shares of the company’s stock worth $234,000 after purchasing an additional 1,832 shares during the period. Finally, State Street Corp lifted its stake in shares of Vontier by 4.7% during the 1st quarter. State Street Corp now owns 4,898,032 shares of the company’s stock worth $124,361,000 after purchasing an additional 221,705 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

About Vontier

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Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.

Further Reading

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