Zacks: Brokerages expect Visteon Co. (NASDAQ:VC) to post $0.64 a share profit
Equity research analysts predict that Visteon Co. (NASDAQ:VC – Get Rating) will report earnings of $0.64 per share for the current fiscal quarter, according to Zacks. Five analysts released Visteon earnings estimates, with the highest EPS estimate at $0.88 and the lowest estimate at $0.04. Visteon posted earnings per share of $0.56 in the same quarter last year, which would indicate a positive growth rate of 14.3% year over year. The company is expected to release its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect Visteon to report annual earnings of $4.31 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $4.64. For the next fiscal year, analysts expect the company to report earnings of $7.58 per share, with EPS estimates ranging from $6.91 to $8.50. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that provide coverage for Visteon.
Visteon (NASDAQ:VC – Get Rating) last released its results on Thursday, February 17. The company reported EPS of $1.69 for the quarter, beating Thomson Reuters consensus estimate of $0.11 from $1.58. The company posted revenue of $786.00 million in the quarter, compared to analyst estimates of $661.23 million. Visteon had a return on equity of 11.42% and a net margin of 1.48%. The company’s quarterly revenue fell 0.1% from the same quarter last year. In the same period a year earlier, the company posted earnings of $1.06 per share.
A number of research analysts have recently released reports on venture capital stocks. Zacks Investment Research upgraded Visteon from a “hold” rating to a “buy” rating and set a price target of $111.00 for the company in a research report on Tuesday. Robert W. Baird raised Visteon’s stock price target from $140.00 to $145.00 and gave the stock an “outperform” rating in a Friday, Feb. 18 report. Jefferies Financial Group raised its price target on Visteon from $132.00 to $145.00 and gave the stock a “buy” rating in a Friday, Feb. 18 research report. Deutsche Bank Aktiengesellschaft raised its price target on Visteon from $130.00 to $145.00 in a Thursday, January 13 research report. Finally, Bank of America upgraded Visteon from an “underperforming” rating to a “neutral” rating and raised its target price for the stock from $122.00 to $140.00 in a Wednesday research report. April 6. Two equity research analysts gave the stock a sell rating, four gave the company a hold rating and seven gave the company a buy rating. According to MarketBeat.com, Visteon currently has an average rating of “Hold” and a consensus target price of $120.69.
NASDAQ VC traded down $0.85 on Tuesday, hitting $97.10. The company had a trading volume of 236,679 shares, compared to an average volume of 341,279. Visteon has a 1-year low of $91.59 and a 1-year high of $134.57. The company has a quick ratio of 1.36, a current ratio of 1.67 and a debt ratio of 0.57. The company has a market capitalization of $2.72 billion, a price-earnings ratio of 67.43 and a beta of 1.91. The company’s 50-day moving average is $107.01.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. First Trust Advisors LP increased its holdings in Visteon by 56.8% during the first quarter. First Trust Advisors LP now owns 45,946 shares of the company worth $3,094,000 after acquiring an additional 16,646 shares during the period. Morgan Stanley increased its stake in Visteon shares by 3.0% during the second quarter. Morgan Stanley now owns 329,385 shares of the company worth $39,836,000 after purchasing an additional 9,668 shares during the period. Strs Ohio increased its stake in Visteon by 7.3% in the third quarter. Strs Ohio now owns 5,900 shares of the company valued at $556,000 after purchasing an additional 400 shares in the last quarter. The New York State Teachers’ Retirement System increased its stake in Visteon by 493.2% in the third quarter. The New York State Teachers’ Retirement System now owns 62,285 shares of the company valued at $5,879,000 after purchasing an additional 51,785 shares during the period. Finally, New Jersey State Joint Pension Fund D increased its holdings in Visteon by 11.3% in the third quarter. New Jersey State Joint Pension Fund D now owns 25,399 shares of the company worth $2,397,000 after buying 2,570 additional shares in the last quarter.
Visteon Company Profile (Get an evaluation)
Visteon Corporation, an automotive technology company, designs, engineers and manufactures automotive electronics and connected car solutions for automakers worldwide. The company provides instrument clusters, including analog gauge clusters to 2D and 3D display-based devices; information displays that incorporate a range of user interface technologies and graphics management capabilities, such as 3D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback and motion effects light ; and Phoenix, an integrated display and infotainment audio platform, as well as an artificial intelligence-based in-vehicle voice assistant with natural language understanding.
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