Vontier (NYSE:VNT) Updates Q3 2022 Earnings Guidance

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

Analyst Ratings Changes

Several brokerages recently weighed in on VNT. The Goldman Sachs Group cut their price objective on shares of Vontier from $31.00 to $26.00 and set a neutral rating on the stock in a report on Thursday, June 23rd. Barclays cut their price objective on shares of 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $30.50.

Vontier Trading Down 6.1 %

NYSE:VNT traded down $1.60 during trading hours on Thursday, hitting $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 one year low of $21.16 and a one year high of $37.08. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.10 and a current ratio of 1.48. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 7.30, a P/E/G ratio of 1.49 and a beta of 1.03. The business’s 50 day moving average is $24.22 and its 200-day moving average is $25.29.

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

Vontier Announces Dividend

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

Institutional Investors Weigh In On Vontier

Several large investors have recently made changes to their positions in the stock. Sender Co & Partners Inc. bought a new stake in shares of Vontier during the first quarter worth $528,000. Beacon Pointe Advisors LLC bought a new stake in shares of Vontier during the first quarter worth $341,000. Royal Bank of Canada increased its position in shares of Vontier by 20.1% during the first quarter. Royal Bank of Canada now owns 1,064,405 shares of the company’s stock worth $27,024,000 after acquiring an additional 177,805 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Vontier by 24.8% during the first quarter. Captrust Financial Advisors now owns 9,224 shares of the company’s stock worth $234,000 after acquiring an additional 1,832 shares in the last quarter. Finally, State Street Corp increased its position in shares of Vontier by 4.7% during the first quarter. State Street Corp now owns 4,898,032 shares of the company’s stock worth $124,361,000 after acquiring an additional 221,705 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Vontier Company Profile

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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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