Visteon (VC) Scheduled to Post Earnings on Thursday

Visteon (NASDAQ:VC) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.79 per share for the quarter. Visteon has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $13.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $10.92. The business had revenue of $990.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business’s revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 earnings per share. On average, analysts expect Visteon to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Visteon Stock Down 0.6 %

Shares of Visteon stock opened at $106.83 on Thursday. Visteon has a 1-year low of $106.63 and a 1-year high of $159.87. The business’s fifty day moving average price is $114.98 and its two-hundred day moving average price is $119.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42. The company has a market capitalization of $2.94 billion, a P/E ratio of 6.22, a PEG ratio of 0.49 and a beta of 1.65.

Institutional Trading of Visteon

A number of institutional investors and hedge funds have recently modified their holdings of VC. Wellington Management Group LLP grew its holdings in shares of Visteon by 51.5% in the 1st quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company’s stock worth $267,776,000 after purchasing an additional 834,079 shares during the last quarter. Norges Bank acquired a new stake in shares of Visteon during the fourth quarter worth approximately $38,169,000. Morgan Stanley raised its stake in shares of Visteon by 40.1% in the fourth quarter. Morgan Stanley now owns 734,690 shares of the company’s stock valued at $96,120,000 after acquiring an additional 210,114 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Visteon by 729.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 235,841 shares of the company’s stock worth $36,988,000 after acquiring an additional 207,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Visteon during the 1st quarter worth approximately $13,742,000. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada reduced their price objective on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. UBS Group raised Visteon from a “neutral” rating to a “buy” rating and raised their target price for the stock from $143.00 to $145.00 in a research report on Wednesday, January 17th. StockNews.com raised Visteon from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Bank of America decreased their price objective on Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Wells Fargo & Company upped their target price on Visteon from $101.00 to $106.00 and gave the company an “underweight” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Visteon currently has an average rating of “Moderate Buy” and an average price target of $143.00.

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.