Q2 2024 EPS Estimates for VIZIO Holding Corp. (NYSE:VZIO) Decreased by Analyst

VIZIO Holding Corp. (NYSE:VZIO) – Analysts at Barrington Research reduced their Q2 2024 earnings per share (EPS) estimates for shares of VIZIO in a report released on Monday, November 13th. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.05. Barrington Research currently has a “Outperform” rating and a $13.00 price objective on the stock. The consensus estimate for VIZIO’s current full-year earnings is $0.06 per share. Barrington Research also issued estimates for VIZIO’s FY2024 earnings at $0.19 EPS, Q2 2025 earnings at $0.08 EPS and FY2025 earnings at $0.38 EPS.

VIZIO (NYSE:VZIO) last announced its earnings results on Thursday, November 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $426.20 million during the quarter, compared to analyst estimates of $418.05 million. VIZIO had a net margin of 1.25% and a return on equity of 5.41%. VIZIO’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share.

A number of other equities analysts have also recently issued reports on VZIO. Craig Hallum cut their price objective on VIZIO from $12.00 to $10.00 and set a “buy” rating for the company in a report on Monday, September 25th. Morgan Stanley reduced their price target on shares of VIZIO from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 31st. Bank of America downgraded shares of VIZIO from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $11.00 to $6.00 in a research note on Thursday, August 24th. Needham & Company LLC reduced their target price on shares of VIZIO from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, October 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of VIZIO from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.29.

VIZIO Stock Performance

Shares of NYSE:VZIO opened at $6.63 on Wednesday. The firm has a fifty day moving average of $5.47 and a 200 day moving average of $6.43. VIZIO has a 52-week low of $4.82 and a 52-week high of $11.22. The firm has a market capitalization of $1.30 billion, a PE ratio of 60.27, a price-to-earnings-growth ratio of 4.25 and a beta of 1.66.

Institutional Trading of VIZIO

A number of institutional investors and hedge funds have recently modified their holdings of VZIO. Wellington Management Group LLP raised its holdings in shares of VIZIO by 1.9% during the first quarter. Wellington Management Group LLP now owns 8,054,571 shares of the company’s stock valued at $73,941,000 after purchasing an additional 149,426 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of VIZIO by 16.7% during the 2nd quarter. BlackRock Inc. now owns 4,606,253 shares of the company’s stock valued at $31,092,000 after buying an additional 659,827 shares during the period. Vanguard Group Inc. boosted its stake in shares of VIZIO by 6.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,419,571 shares of the company’s stock worth $38,627,000 after buying an additional 285,867 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of VIZIO by 3.3% in the first quarter. Brown Advisory Inc. now owns 3,793,412 shares of the company’s stock worth $34,824,000 after acquiring an additional 122,354 shares during the period. Finally, American Century Companies Inc. increased its position in VIZIO by 7.5% during the first quarter. American Century Companies Inc. now owns 2,055,723 shares of the company’s stock valued at $18,872,000 after acquiring an additional 143,837 shares during the last quarter. Institutional investors own 23.81% of the company’s stock.

Insider Buying and Selling at VIZIO

In other VIZIO news, insider Michael Joseph O’donnell sold 6,400 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $5.91, for a total value of $37,824.00. Following the completion of the transaction, the insider now owns 354,215 shares in the company, valued at $2,093,410.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 10,366 shares of company stock valued at $62,532. 45.06% of the stock is currently owned by corporate insiders.

VIZIO Company Profile

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated home entertainment solution, and data intelligence and services products through Inscape.