Visteon (VC) Set to Announce Quarterly Earnings on Thursday

Visteon (NASDAQ:VC) will be posting its quarterly earnings results 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.Parties 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $1.18 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts expect Visteon to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Visteon Stock Down 4.2 %

Visteon stock opened at $87.72 on Tuesday. The business’s 50-day simple moving average is $95.04 and its two-hundred day simple moving average is $104.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.50 and a current ratio of 1.85. The company has a market cap of $2.42 billion, a PE ratio of 4.54, a PEG ratio of 0.44 and a beta of 1.45. Visteon has a fifty-two week low of $87.64 and a fifty-two week high of $136.40.

Insider Buying and Selling at Visteon

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VC shares. Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Visteon in a report on Tuesday, September 10th. The Goldman Sachs Group reduced their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Baird R W lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Wolfe Research began coverage on Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Visteon presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.93.

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.