Brokerages Expect Visteon Corp (VC) to Post $1.31 EPS

Equities research analysts forecast that Visteon Corp (NYSE:VC) will post earnings of $1.31 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Visteon’s earnings, with the highest EPS estimate coming in at $1.49 and the lowest estimate coming in at $1.11. Visteon posted earnings per share of $1.42 in the same quarter last year, which would suggest a negative year over year growth rate of 7.7%. The company is scheduled to report its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Visteon will report full-year earnings of $6.51 per share for the current financial year, with EPS estimates ranging from $6.20 to $6.95. For the next financial year, analysts forecast that the company will post earnings of $7.31 per share, with EPS estimates ranging from $6.00 to $8.18. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Visteon.

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

A number of equities analysts have recently weighed in on the company. Raymond James reaffirmed a “buy” rating on shares of Visteon in a research note on Monday, August 20th. Morgan Stanley set a $98.00 price objective on Visteon and gave the stock a “sell” rating in a research note on Monday, August 13th. Longbow Research set a $145.00 price objective on Visteon and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Citigroup dropped their price objective on Visteon from $126.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, July 30th. Finally, Barclays reaffirmed a “hold” rating and issued a $104.00 price objective on shares of Visteon in a research note on Sunday, July 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $137.47.

In other Visteon news, CEO Sachin Lawande sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $126.81, for a total transaction of $634,050.00. Following the sale, the chief executive officer now directly owns 81,801 shares in the company, valued at $10,373,184.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert R. Vallance sold 850 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $116.85, for a total value of $99,322.50. Following the sale, the insider now owns 4,414 shares in the company, valued at $515,775.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,350 shares of company stock valued at $1,028,373. 0.19% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of VC. Janus Henderson Group PLC raised its position in Visteon by 97.8% during the second quarter. Janus Henderson Group PLC now owns 1,868,892 shares of the auto parts company’s stock valued at $241,536,000 after purchasing an additional 923,916 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Visteon by 22.2% in the second quarter. Bank of New York Mellon Corp now owns 2,476,560 shares of the auto parts company’s stock worth $320,071,000 after buying an additional 449,197 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in shares of Visteon in the first quarter worth approximately $42,690,000. Robecosam AG purchased a new stake in shares of Visteon in the first quarter worth approximately $27,560,000. Finally, Eagle Asset Management Inc. raised its holdings in shares of Visteon by 34.3% in the first quarter. Eagle Asset Management Inc. now owns 893,987 shares of the auto parts company’s stock worth $98,553,000 after buying an additional 228,310 shares during the period.

Shares of NYSE VC traded up $2.83 during mid-day trading on Thursday, reaching $103.78. The company’s stock had a trading volume of 658,705 shares, compared to its average volume of 440,315. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47. Visteon has a 52 week low of $100.62 and a 52 week high of $140.64.

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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Earnings History and Estimates for Visteon (NYSE:VC)

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