FY2024 EPS Estimates for VIZIO Lifted by Barrington Research

VIZIO Holding Corp. (NYSE:VZIO) – Stock analysts at Barrington Research boosted their FY2024 earnings estimates for VIZIO in a research report issued on Thursday, November 7th. Barrington Research analyst J. Goss now forecasts that the company will post earnings of ($0.04) per share for the year, up from their prior forecast of ($0.07). Barrington Research has a “Hold” rating on the stock. The consensus estimate for VIZIO’s current full-year earnings is ($0.08) per share. Barrington Research also issued estimates for VIZIO’s Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $0.23 EPS and FY2026 earnings at $0.34 EPS.

Separately, Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.08.

VIZIO Stock Performance

Shares of VZIO opened at $11.23 on Monday. VIZIO has a 1 year low of $6.29 and a 1 year high of $11.37. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 1,123.00 and a beta of 2.03. The firm has a fifty day moving average of $11.22 and a 200-day moving average of $10.97.

Hedge Funds Weigh In On VIZIO

A number of institutional investors have recently bought and sold shares of VZIO. Thurston Springer Miller Herd & Titak Inc. purchased a new position in VIZIO during the 2nd quarter valued at about $27,000. Quest Partners LLC acquired a new position in shares of VIZIO during the second quarter worth approximately $40,000. Future Financial Wealth Managment LLC acquired a new position in shares of VIZIO during the third quarter worth approximately $45,000. Meeder Asset Management Inc. acquired a new position in shares of VIZIO during the first quarter worth approximately $101,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of VIZIO by 19.1% during the second quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock worth $130,000 after buying an additional 1,926 shares during the last quarter. Hedge funds and other institutional investors own 66.24% of the company’s stock.

Insiders Place Their Bets

In other VIZIO news, insider Michael Joseph O’donnell sold 2,555 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total value of $28,437.15. Following the sale, the insider now directly owns 602,364 shares in the company, valued at approximately $6,704,311.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.68% of the stock is owned by company insiders.

About VIZIO

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.