Visteon (VC) Scheduled to Post Quarterly Earnings on Thursday

Visteon (NASDAQ:VC) is set to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.97 per share for the quarter. Visteon has set its FY 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $1.18 EPS. Visteon’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts expect Visteon to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Visteon Trading Up 1.0 %

NASDAQ VC opened at $90.69 on Thursday. Visteon has a 12 month low of $88.37 and a 12 month high of $136.40. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.50 billion, a PE ratio of 4.69, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The business’s 50-day moving average price is $95.56 and its two-hundred day moving average price is $104.82.

Insiders Place Their Bets

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $111.73, for a total transaction of $431,166.07. Following the completion of the sale, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VC. Royal Bank of Canada decreased their target price on shares of Visteon from $144.00 to $129.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Baird R W lowered Visteon from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Robert W. Baird reissued a “neutral” rating and set a $120.00 price target (down from $137.00) on shares of Visteon in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research note on Tuesday, September 10th. Finally, Morgan Stanley decreased their target price on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.86.

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.