Visteon (NASDAQ:VC) Announces Quarterly Earnings Results

Visteon (NASDAQ:VC) posted its quarterly earnings data on Thursday. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.14), Briefing.com reports. The business had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. Visteon had a return on equity of 57.45% and a net margin of 12.29%. Visteon’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 EPS. Visteon updated its FY 2024 guidance to EPS.

Visteon Price Performance

Shares of NASDAQ VC traded up $2.63 during trading on Friday, hitting $112.29. The company had a trading volume of 264,235 shares, compared to its average volume of 284,664. The company has a market cap of $3.09 billion, a P/E ratio of 6.56, a PEG ratio of 0.50 and a beta of 1.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.74. The business’s 50-day moving average is $113.72 and its 200 day moving average is $118.59. Visteon has a 52 week low of $105.19 and a 52 week high of $159.87.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company upgraded Visteon from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $106.00 to $108.00 in a report on Friday. Wolfe Research restated a “peer perform” rating on shares of Visteon in a research note on Thursday, January 4th. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Royal Bank of Canada lowered their price objective on Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. reduced their target price on Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a report on Monday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.36.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.