Jefferies Financial Group Weighs in on Visteon Co.’s FY2020 Earnings (NASDAQ:VC)


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Visteon Co. (NASDAQ:VC) – Equities researchers at Jefferies Financial Group raised their FY2020 earnings per share (EPS) estimates for Visteon in a report released on Tuesday, January 12th. Jefferies Financial Group analyst D. Kelley now forecasts that the company will post earnings of $1.10 per share for the year, up from their prior forecast of $1.08. Jefferies Financial Group also issued estimates for Visteon’s Q4 2020 earnings at $1.25 EPS, Q1 2021 earnings at $0.99 EPS, Q2 2021 earnings at $0.90 EPS, FY2021 earnings at $4.23 EPS and FY2022 earnings at $6.20 EPS.

Other equities research analysts have also recently issued research reports about the company. Berenberg Bank started coverage on Visteon in a research note on Tuesday, October 6th. They set a “buy” rating and a $92.00 price target for the company. The Goldman Sachs Group upgraded Visteon from a “sell” rating to a “neutral” rating and upped their price target for the stock from $76.00 to $90.00 in a research note on Wednesday, November 4th. Morgan Stanley upped their price target on Visteon from $28.00 to $65.00 and gave the stock an “underweight” rating in a research note on Monday, November 9th. JPMorgan Chase & Co. upped their price target on Visteon from $65.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Finally, Zacks Investment Research cut Visteon from a “buy” rating to a “hold” rating in a research note on Saturday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $94.80.

VC stock opened at $144.65 on Wednesday. Visteon has a twelve month low of $38.69 and a twelve month high of $146.85. The company has a current ratio of 2.38, a quick ratio of 2.10 and a debt-to-equity ratio of 1.60. The business has a 50 day simple moving average of $128.09 and a 200-day simple moving average of $106.99. The company has a market capitalization of $4.03 billion, a P/E ratio of -128.01 and a beta of 2.03.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.92. The business had revenue of $747.00 million during the quarter, compared to the consensus estimate of $711.42 million. Visteon had a positive return on equity of 2.42% and a negative net margin of 1.25%.

In other Visteon news, VP Brett D. Pynnonen sold 1,000 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $93.12, for a total value of $93,120.00. Following the completion of the transaction, the vice president now owns 3,536 shares in the company, valued at $329,272.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matthew M. Cole sold 4,317 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $93.02, for a total value of $401,567.34. Following the completion of the transaction, the senior vice president now owns 4,715 shares of the company’s stock, valued at approximately $438,589.30. The disclosure for this sale can be found here. Insiders sold 6,117 shares of company stock valued at $596,535 in the last quarter. 1.30% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in VC. Nisa Investment Advisors LLC increased its position in shares of Visteon by 44.9% in the third quarter. Nisa Investment Advisors LLC now owns 2,420 shares of the company’s stock valued at $168,000 after buying an additional 750 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Visteon during the third quarter valued at $237,000. Glenmede Trust Co. NA boosted its stake in shares of Visteon by 26.9% during the second quarter. Glenmede Trust Co. NA now owns 3,703 shares of the company’s stock valued at $253,000 after acquiring an additional 785 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Visteon by 177.9% during the second quarter. Bank of Montreal Can now owns 4,029 shares of the company’s stock valued at $269,000 after acquiring an additional 2,579 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in shares of Visteon by 16.3% during the second quarter. Advisor Group Holdings Inc. now owns 4,055 shares of the company’s stock valued at $279,000 after acquiring an additional 567 shares during the last quarter.

Visteon Company Profile

Visteon Corporation engineers, designs, and manufactures cockpit electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities; and audio and infotainment systems that allows vehicle occupants to connect their mobile devices to the system and safely access phone functions, listen to music, stream media, and enable mobile connectivity applications.

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