Visteon (VC) Scheduled to Post Earnings on Thursday

Visteon (NASDAQ:VC) will be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect Visteon to post earnings of $1.79 per share for the quarter. Visteon has set its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Visteon (NASDAQ:VC) last posted its earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $10.92. Visteon had a net margin of 12.29% and a return on equity of 57.45%. The company had revenue of $990.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted $1.32 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, analysts expect Visteon to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Visteon Price Performance

Visteon stock opened at $106.83 on Thursday. Visteon has a 52 week low of $106.63 and a 52 week high of $159.87. The company’s 50 day moving average price is $114.98 and its two-hundred day moving average price is $119.48. The stock has a market cap of $2.94 billion, a P/E ratio of 6.22, a P/E/G ratio of 0.49 and a beta of 1.65. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On Visteon

Large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in Visteon during the fourth quarter valued at approximately $384,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Visteon during the 4th quarter valued at $601,000. Legal & General Group Plc lifted its holdings in shares of Visteon by 3.2% during the 4th quarter. Legal & General Group Plc now owns 45,369 shares of the company’s stock worth $5,667,000 after acquiring an additional 1,422 shares during the last quarter. Coyle Financial Counsel LLC purchased a new position in Visteon in the fourth quarter worth $1,292,000. Finally, Barclays PLC increased its stake in Visteon by 217.7% in the fourth quarter. Barclays PLC now owns 73,722 shares of the company’s stock valued at $9,207,000 after acquiring an additional 50,520 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com raised Visteon from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. decreased their price objective on Visteon from $160.00 to $148.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Royal Bank of Canada reduced their target price on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Finally, Guggenheim dropped their price target on shares of Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Visteon currently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

About Visteon

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