Brokerages Anticipate Visteon Corp (VC) Will Announce Earnings of $1.19 Per Share

Wall Street analysts expect Visteon Corp (NYSE:VC) to post earnings of $1.19 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Visteon’s earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $1.49. Visteon posted earnings of $1.42 per share in the same quarter last year, which suggests a negative year over year growth rate of 16.2%. The company is scheduled to announce its next quarterly earnings results before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Visteon will report full year earnings of $6.31 per share for the current year, with EPS estimates ranging from $5.83 to $6.95. For the next financial year, analysts expect that the business will report earnings of $7.12 per share, with EPS estimates ranging from $6.15 to $8.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Visteon.

Visteon (NYSE:VC) last announced its quarterly earnings results on Thursday, July 26th. The auto parts company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.10). Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm had revenue of $758.00 million for the quarter, compared to the consensus estimate of $794.15 million. During the same period in the prior year, the business earned $1.38 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis.

Several equities analysts recently issued reports on the stock. Guggenheim set a $140.00 price target on shares of Visteon and gave the company a “buy” rating in a report on Friday, July 27th. Barclays reissued a “hold” rating and set a $104.00 price target on shares of Visteon in a report on Sunday, July 29th. Citigroup lowered their price objective on shares of Visteon from $126.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, July 30th. Cowen restated a “buy” rating and issued a $150.00 price objective on shares of Visteon in a research report on Friday, July 27th. Finally, Wells Fargo & Co cut shares of Visteon from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $146.00 to $137.00 in a research report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $135.06.

Shares of VC stock opened at $76.73 on Wednesday. Visteon has a 12-month low of $73.28 and a 12-month high of $140.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97.

In other news, insider Robert R. Vallance sold 850 shares of Visteon stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $116.85, for a total transaction of $99,322.50. Following the completion of the sale, the insider now owns 4,414 shares in the company, valued at approximately $515,775.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sachin Lawande sold 2,500 shares of Visteon stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $118.00, for a total transaction of $295,000.00. Following the sale, the chief executive officer now owns 65,109 shares of the company’s stock, valued at approximately $7,682,862. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Large investors have recently modified their holdings of the company. James Investment Research Inc. acquired a new position in Visteon during the second quarter valued at approximately $147,000. BNP Paribas Arbitrage SA grew its holdings in Visteon by 189.9% during the second quarter. BNP Paribas Arbitrage SA now owns 1,464 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 959 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in Visteon by 92.9% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,640 shares of the auto parts company’s stock valued at $212,000 after purchasing an additional 790 shares during the period. Oakbrook Investments LLC acquired a new position in Visteon during the third quarter valued at approximately $214,000. Finally, GSA Capital Partners LLP acquired a new position in Visteon during the second quarter valued at approximately $233,000.

Visteon 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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