Visteon Corp (NYSE:VC) – Research analysts at B. Riley dropped their Q4 2018 EPS estimates for shares of Visteon in a research report issued on Friday, Zacks Investment Research reports. B. Riley analyst C. Horn now expects that the auto parts company will earn $1.89 per share for the quarter, down from their previous forecast of $2.01. B. Riley has a “Buy” rating and a $162.00 price objective on the stock. B. Riley also issued estimates for Visteon’s Q4 2019 earnings at $2.26 EPS and FY2019 earnings at $7.25 EPS.
Visteon (NYSE:VC) last issued its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.09). Visteon had a return on equity of 29.13% and a net margin of 4.83%. The business had revenue of $797.00 million for the quarter, compared to analysts’ expectations of $797.55 million. During the same quarter last year, the company earned $1.55 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis.
A number of other brokerages also recently commented on VC. Guggenheim reissued a “buy” rating and set a $154.00 price objective on shares of Visteon in a research report on Wednesday, January 10th. Zacks Investment Research raised Visteon from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Saturday, January 6th. Longbow Research initiated coverage on Visteon in a research report on Friday, January 5th. They set a “buy” rating and a $160.00 price objective for the company. JPMorgan Chase & Co. downgraded Visteon from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $142.00 to $137.00 in a report on Monday, January 22nd. Finally, Royal Bank of Canada lowered their price target on Visteon to $131.00 and set a “sector perform” rating for the company in a report on Sunday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $137.76.
Shares of Visteon (NYSE:VC) traded down $1.63 during trading on Monday, hitting $121.89. The stock had a trading volume of 164,522 shares, compared to its average volume of 334,934. Visteon has a 1-year low of $91.20 and a 1-year high of $140.64. The firm has a market capitalization of $3,840.00, a P/E ratio of 9.80, a PEG ratio of 1.34 and a beta of 0.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97.
Visteon announced that its board has approved a stock buyback program on Tuesday, January 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
In other Visteon news, CEO Sachin Lawande sold 1,539 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $123.62, for a total value of $190,251.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 11,539 shares of company stock valued at $1,474,051. 0.19% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in Visteon by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,815,769 shares of the auto parts company’s stock valued at $227,226,000 after buying an additional 11,660 shares during the last quarter. BlackRock Inc. lifted its stake in Visteon by 2.0% in the fourth quarter. BlackRock Inc. now owns 1,353,256 shares of the auto parts company’s stock valued at $169,348,000 after buying an additional 26,010 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in Visteon by 3.8% in the fourth quarter. OppenheimerFunds Inc. now owns 1,049,828 shares of the auto parts company’s stock valued at $131,374,000 after buying an additional 38,646 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Visteon by 7.2% in the third quarter. Janus Henderson Group PLC now owns 825,572 shares of the auto parts company’s stock valued at $102,181,000 after buying an additional 55,325 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in Visteon by 3.2% in the third quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock valued at $85,074,000 after buying an additional 20,570 shares during the last quarter.
TRADEMARK VIOLATION NOTICE: This article was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.thelincolnianonline.com/2018/03/14/b-riley-weighs-in-on-visteon-corps-q4-2018-earnings-vc.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.