FY2024 EPS Estimates for VIZIO Lifted by Barrington Research

VIZIO Holding Corp. (NYSE:VZIO) – Analysts at Barrington Research increased their FY2024 EPS estimates for VIZIO in a note issued to investors on Thursday, November 7th. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of ($0.04) for the year, up from their prior estimate of ($0.07). Barrington Research currently has a “Hold” rating on the stock. The consensus estimate for VIZIO’s current full-year earnings is ($0.08) per share. Barrington Research also issued estimates for VIZIO’s Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $0.23 EPS and FY2026 earnings at $0.34 EPS.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.08.

VIZIO Price Performance

Shares of VZIO stock opened at $11.17 on Monday. The firm has a market cap of $2.24 billion, a P/E ratio of 1,117.00 and a beta of 2.03. The firm has a fifty day moving average of $11.22 and a two-hundred day moving average of $10.97. VIZIO has a 1-year low of $6.29 and a 1-year high of $11.37.

Institutional Investors Weigh In On VIZIO

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. increased its stake in VIZIO by 138.4% during the 3rd quarter. Citigroup Inc. now owns 364,189 shares of the company’s stock valued at $4,068,000 after buying an additional 211,419 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of VIZIO by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 797,457 shares of the company’s stock valued at $8,908,000 after acquiring an additional 9,251 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of VIZIO during the third quarter valued at approximately $279,000. Alpine Associates Management Inc. raised its holdings in VIZIO by 10.3% during the third quarter. Alpine Associates Management Inc. now owns 3,398,063 shares of the company’s stock worth $37,956,000 after purchasing an additional 317,765 shares in the last quarter. Finally, Quest Partners LLC lifted its position in VIZIO by 534.4% in the third quarter. Quest Partners LLC now owns 23,332 shares of the company’s stock worth $261,000 after purchasing an additional 19,654 shares during the period. 66.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Michael Joseph O’donnell sold 2,555 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total transaction of $28,437.15. Following the completion of the transaction, the insider now owns 602,364 shares in the company, valued at approximately $6,704,311.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 44.68% of the company’s stock.

About VIZIO

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.