Visteon (VC) Scheduled to Post Earnings on Thursday

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

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

Visteon Stock Up 0.6 %

Shares of VC stock opened at $88.26 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50. Visteon has a one year low of $86.98 and a one year high of $136.40. The company’s fifty day moving average price is $95.04 and its 200-day moving average price is $104.23. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 5.04, a PEG ratio of 0.44 and a beta of 1.45.

Analyst Ratings Changes

Several research firms recently weighed in on VC. Wolfe Research initiated coverage on shares of Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. decreased their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday. Morgan Stanley cut their price target on Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Robert W. Baird reaffirmed a “neutral” rating and issued a $120.00 price objective (down previously from $137.00) on shares of Visteon in a research note on Friday, July 12th. Finally, Citigroup cut their target price on shares of Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.93.

Insider Activity at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the transaction, the senior vice president now owns 5,988 shares in the company, valued at $669,039.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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.