Equities research analysts expect Visteon Corp (NYSE:VC) to post $800.55 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Visteon’s earnings. The highest sales estimate is $846.76 million and the lowest is $782.00 million. Visteon reported sales of $774.00 million in the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The company is scheduled to announce its next earnings results on Thursday, July 26th.
According to Zacks, analysts expect that Visteon will report full year sales of $3.25 billion for the current financial year, with estimates ranging from $3.19 billion to $3.33 billion. For the next fiscal year, analysts expect that the business will report sales of $3.45 billion per share, with estimates ranging from $3.41 billion to $3.49 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Visteon.
Visteon (NYSE:VC) last released its quarterly earnings data on Thursday, April 26th. The auto parts company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.29. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $832.35 million. During the same period in the prior year, the company posted $1.73 EPS. The company’s revenue was up .5% compared to the same quarter last year.
Several equities research analysts have recently weighed in on the company. Citigroup lowered their price objective on Visteon from $128.00 to $126.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 8th. Longbow Research set a $160.00 price objective on Visteon and gave the company a “buy” rating in a research note on Monday, April 30th. Guggenheim set a $145.00 price objective on Visteon and gave the company a “buy” rating in a research note on Friday, February 23rd. Susquehanna Bancshares set a $143.00 price objective on Visteon and gave the company a “buy” rating in a research note on Wednesday, March 14th. Finally, BMO Capital Markets set a $160.00 price objective on Visteon and gave the company a “buy” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $140.33.
In related news, CEO Sachin Lawande sold 2,500 shares of the stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $125.00, for a total transaction of $312,500.00. Following the sale, the chief executive officer now directly owns 32,527 shares in the company, valued at approximately $4,065,875. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VC. US Bancorp DE lifted its holdings in Visteon by 261.2% during the 1st quarter. US Bancorp DE now owns 1,293 shares of the auto parts company’s stock worth $143,000 after buying an additional 935 shares in the last quarter. TLP Group LLC lifted its holdings in Visteon by 61,600.0% during the 1st quarter. TLP Group LLC now owns 1,851 shares of the auto parts company’s stock worth $204,000 after buying an additional 1,848 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Visteon during the 1st quarter worth $213,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Visteon by 42.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock worth $220,000 after buying an additional 526 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Visteon during the 4th quarter worth $287,000.
Shares of VC stock traded up $1.02 during trading hours on Thursday, hitting $132.30. The company had a trading volume of 323,888 shares, compared to its average volume of 340,648. Visteon has a 12 month low of $91.20 and a 12 month high of $140.64. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47.
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.
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