Visteon (NASDAQ:VC) Announces Earnings Results, Misses Expectations By $2.09 EPS

Visteon (NASDAQ:VC) issued its quarterly earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($2.09), Zacks reports. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $936.38 million. Visteon had a return on equity of 14.61% and a net margin of 5.58%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.15 earnings per share.

Visteon Stock Performance

Shares of Visteon stock opened at $84.83 on Thursday. The company has a 50 day moving average price of $95.70 and a 200 day moving average price of $103.62. The firm has a market capitalization of $2.26 billion, a P/E ratio of 11.09, a PEG ratio of 0.60 and a beta of 1.30. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. Visteon has a 52 week low of $83.49 and a 52 week high of $126.95.

Visteon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.3750 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 1st. Visteon’s dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analysts Forecast Growth

VC has been the topic of several recent analyst reports. Robert W. Baird reissued a “neutral” rating and issued a $121.00 target price on shares of Visteon in a research note on Friday, June 26th. Wolfe Research downgraded shares of Visteon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, July 28th. Morgan Stanley increased their price target on Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Visteon in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company dropped their price objective on Visteon from $137.00 to $134.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.82.

About Visteon

Visteon Corporation (NASDAQ: VC) is a global automotive technology company that develops and supplies electronic systems for vehicle manufacturers. Its products are designed to support the digital, connected and increasingly electrified vehicle, with a focus on improving the driving experience, vehicle functionality and energy efficiency.

The company’s product portfolio includes digital instrument clusters, displays, infotainment systems, connected-car technologies, cockpit domain controllers, climate-control electronics and other vehicle control systems.