Wall Street analysts forecast that Visteon Corp (NYSE:VC) will report earnings of $1.25 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Visteon Corp’s earnings, with the highest EPS estimate coming in at $1.43 and the lowest estimate coming in at $1.18. Visteon Corp posted earnings per share of $1.22 during the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The business is expected to issue its next quarterly earnings report on Thursday, July 27th.
According to Zacks, analysts expect that Visteon Corp will report full year earnings of $5.69 per share for the current year, with EPS estimates ranging from $5.30 to $6.25. For the next financial year, analysts anticipate that the business will post earnings of $6.53 per share, with EPS estimates ranging from $6.00 to $6.92. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Visteon Corp.
Visteon Corp (NYSE:VC) last issued its quarterly earnings results on Thursday, April 27th. The auto parts company reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.34. The company had revenue of $810 million for the quarter, compared to analyst estimates of $806.69 million. Visteon Corp had a net margin of 2.98% and a return on equity of 20.06%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share.
Several research firms recently commented on VC. Barclays PLC set a $89.00 price target on Visteon Corp and gave the stock a “hold” rating in a research report on Sunday, April 30th. BMO Capital Markets reduced their price target on Visteon Corp from $104.00 to $95.00 and set a “market perform” rating on the stock in a research report on Wednesday. TheStreet raised Visteon Corp from a “c” rating to a “b” rating in a research report on Friday, March 10th. Zacks Investment Research lowered Visteon Corp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 27th. Finally, Goldman Sachs Group Inc began coverage on Visteon Corp in a research report on Monday, April 3rd. They set a “buy” rating and a $104.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $95.68.
Shares of Visteon Corp (NYSE:VC) traded down 0.08% during mid-day trading on Monday, reaching $100.97. 327,169 shares of the company’s stock were exchanged. Visteon Corp has a 52 week low of $63.04 and a 52 week high of $105.64. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 28.82 and a beta of 1.11. The stock has a 50 day moving average price of $97.46 and a 200 day moving average price of $87.12.
In other Visteon Corp news, insider Robert R. Vallance sold 2,021 shares of Visteon Corp stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $94.50, for a total transaction of $190,984.50. Following the sale, the insider now directly owns 3,560 shares in the company, valued at approximately $336,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Manzo acquired 2,000 shares of the company’s stock in a transaction on Friday, March 24th. The shares were acquired at an average price of $95.70 per share, for a total transaction of $191,400.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $191,400. The disclosure for this purchase can be found here. 0.05% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the company. Eagle Asset Management Inc. acquired a new stake in Visteon Corp during the first quarter valued at about $46,713,000. Systematic Financial Management LP increased its stake in shares of Visteon Corp by 656.9% in the fourth quarter. Systematic Financial Management LP now owns 380,744 shares of the auto parts company’s stock worth $30,589,000 after buying an additional 330,444 shares during the period. Norges Bank purchased a new stake in shares of Visteon Corp during the fourth quarter worth $25,737,000. GCA Investment Management LLC increased its stake in shares of Visteon Corp by 7,547.6% in the first quarter. GCA Investment Management LLC now owns 229,428 shares of the auto parts company’s stock worth $22,472,000 after buying an additional 226,428 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Visteon Corp during the fourth quarter worth $17,214,000.
Visteon Corp Company Profile
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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