Visteon (NASDAQ:VC) Releases Earnings Results, Misses Estimates By $0.30 EPS

Visteon (NASDAQ:VC) issued its quarterly earnings data on Thursday. The company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.30), FiscalAI reports. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. During the same period in the previous year, the firm earned $2.39 EPS. The business’s revenue was down .9% on a year-over-year basis.

Visteon Price Performance

Visteon stock traded down $0.32 during mid-day trading on Thursday, reaching $102.84. 114,814 shares of the company’s stock traded hands, compared to its average volume of 595,694. The stock has a 50 day moving average of $111.14 and a two-hundred day moving average of $102.18. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.78 and a beta of 1.29. Visteon has a 12-month low of $83.49 and a 12-month high of $129.10.

Visteon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, June 1st. Visteon’s payout ratio is currently 18.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VC shares. TD Cowen upped their price target on shares of Visteon from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Royal Bank Of Canada increased their price target on shares of Visteon from $117.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Weiss Ratings raised shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $145.00 in a report on Monday, June 22nd. Finally, The Goldman Sachs Group lifted their price objective on Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Visteon currently has an average rating of “Moderate Buy” and an average target price of $135.46.

Insiders Place Their Bets

In other news, CAO Colleen Elizabeth Myers sold 475 shares of Visteon stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $110.92, for a total value of $52,687.00. Following the completion of the transaction, the chief accounting officer owned 241 shares in the company, valued at approximately $26,731.72. The trade was a 66.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brett D. Pynnonen sold 5,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $120.00, for a total value of $600,000.00. Following the completion of the sale, the senior vice president owned 8,503 shares of the company’s stock, valued at approximately $1,020,360. This represents a 37.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 47,892 shares of company stock worth $5,487,239. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Visteon

Several institutional investors have recently made changes to their positions in VC. Lazard Asset Management LLC acquired a new stake in shares of Visteon in the fourth quarter worth $306,000. MML Investors Services LLC lifted its position in Visteon by 33.3% during the fourth quarter. MML Investors Services LLC now owns 3,202 shares of the company’s stock valued at $305,000 after purchasing an additional 800 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Visteon during the 3rd quarter valued at about $351,000. Coldstream Capital Management Inc. purchased a new position in shares of Visteon during the 3rd quarter valued at about $216,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Visteon in the 3rd quarter valued at about $179,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.