Visteon (VC) Scheduled to Post Earnings on Thursday

Visteon (NASDAQ:VC) will be releasing its earnings data before the market opens on Thursday, October 24th. Analysts expect Visteon to post earnings of $1.97 per share for the quarter. Visteon has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business earned $1.18 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts expect Visteon to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Visteon Trading Up 1.0 %

Shares of VC opened at $90.69 on Thursday. Visteon has a 12-month low of $88.37 and a 12-month high of $136.40. The firm has a market capitalization of $2.50 billion, a P/E ratio of 4.69, a P/E/G ratio of 0.44 and a beta of 1.45. The firm has a 50-day moving average price of $95.56 and a 200 day moving average price of $104.82. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26.

Insider Activity at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the sale, the senior vice president now owns 5,988 shares in the company, valued at $669,039.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Wolfe Research began coverage on shares of Visteon in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Barclays decreased their price objective on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday. Robert W. Baird reissued a “neutral” rating and issued a $120.00 target price (down previously from $137.00) on shares of Visteon in a report on Friday, July 12th. Finally, Citigroup decreased their price target on Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Visteon has a consensus rating of “Moderate Buy” and an average target price of $128.86.

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.