Wall Street analysts forecast that Visteon Corporation (NYSE:VC) will announce earnings of $1.72 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Visteon Corporation’s earnings, with the lowest EPS estimate coming in at $1.52 and the highest estimate coming in at $1.88. Visteon Corporation reported earnings of $1.82 per share in the same quarter last year, which would suggest a negative year over year growth rate of 5.5%. The business is expected to issue its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Visteon Corporation will report full-year earnings of $6.23 per share for the current year, with EPS estimates ranging from $6.10 to $6.37. For the next financial year, analysts anticipate that the firm will post earnings of $6.95 per share, with EPS estimates ranging from $6.55 to $7.30. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Visteon Corporation.
Visteon Corporation (NYSE:VC) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.17. The business had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $761.95 million. Visteon Corporation had a net margin of 4.83% and a return on equity of 29.13%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 EPS.
Several research firms have recently commented on VC. B. Riley reaffirmed a “buy” rating on shares of Visteon Corporation in a research report on Wednesday, November 1st. Jefferies Group LLC began coverage on shares of Visteon Corporation in a research report on Thursday, September 28th. They issued a “hold” rating and a $135.00 target price for the company. Barclays PLC reaffirmed an “equal weight” rating and issued a $98.00 target price (up from $97.00) on shares of Visteon Corporation in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $126.00 target price on shares of Visteon Corporation in a research report on Wednesday, October 18th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $143.00 target price on shares of Visteon Corporation in a research report on Tuesday, October 17th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $123.86.
In other Visteon Corporation news, insider Matthew M. Cole sold 1,359 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.19, for a total transaction of $155,184.21. Following the completion of the sale, the insider now directly owns 693 shares in the company, valued at approximately $79,133.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert R. Vallance sold 1,106 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $121.12, for a total transaction of $133,958.72. Following the sale, the insider now owns 4,086 shares of the company’s stock, valued at $494,896.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,481 shares of company stock valued at $913,870. 0.19% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Timpani Capital Management LLC grew its stake in shares of Visteon Corporation by 48.0% in the second quarter. Timpani Capital Management LLC now owns 20,126 shares of the auto parts company’s stock worth $2,054,000 after acquiring an additional 6,525 shares during the period. Leucadia National Corp purchased a new position in shares of Visteon Corporation in the second quarter worth approximately $1,531,000. James Investment Research Inc. boosted its holdings in shares of Visteon Corporation by 817.2% in the second quarter. James Investment Research Inc. now owns 14,675 shares of the auto parts company’s stock worth $1,498,000 after buying an additional 13,075 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Visteon Corporation by 16.8% in the second quarter. First Trust Advisors LP now owns 43,853 shares of the auto parts company’s stock worth $4,476,000 after buying an additional 6,300 shares during the last quarter. Finally, AXA purchased a new position in shares of Visteon Corporation in the second quarter worth approximately $531,000.
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Visteon Corporation (VC) traded up $1.49 during trading hours on Tuesday, hitting $127.09. 95,594 shares of the stock traded hands, compared to its average volume of 310,522. Visteon Corporation has a 12-month low of $68.82 and a 12-month high of $128.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. The stock has a market cap of $3,922.81, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.35 and a beta of 0.83.
About Visteon Corporation
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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