Visteon (NASDAQ:VC) Issues Quarterly Earnings Results, Misses Expectations By $2.09 EPS

Key Points

• Visteon reported quarterly EPS of $0.19, far below the $2.28 consensus estimate and down from $2.15 a year earlier. Revenue reached $970 million, beating expectations of $936.4 million and rising 5.8% year over year.
• The stock opened at $84.83, near its 52-week low of $83.49, while analysts maintained a “Moderate Buy” consensus with an average price target of $126.82.
• Visteon declared a quarterly dividend of $0.375 per share, equivalent to $1.50 annually and a 1.8% yield; its payout ratio is 19.61%.

Visteon (NASDAQ:VC - Get Free Report) issued its earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($2.09), Zacks reports. Visteon had a net margin of 5.58% and a return on equity of 14.61%. The business had revenue of $970.00 million for the quarter, compared to the consensus estimate of $936.38 million. During the same period last year, the business posted $2.15 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year.

Visteon Price Performance

VC stock opened at $84.83 on Thursday. Visteon has a 52 week low of $83.49 and a 52 week high of $126.95. The firm has a market capitalization of $2.26 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 0.60 and a beta of 1.30. The company has a fifty day simple moving average of $95.70 and a two-hundred day simple moving average of $103.62. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17.

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.3750 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.50 annualized dividend and a yield of 1.8%. Visteon's dividend payout ratio (DPR) is 19.61%.

Analyst Ratings Changes

A number of brokerages have issued reports on VC. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Visteon from $133.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, July 9th. TD Cowen raised their target price on shares of Visteon from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, June 29th. Barclays reduced their price target on shares of Visteon from $145.00 to $125.00 and set an "overweight" rating on the stock in a report on Friday, October 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Visteon in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada decreased their price target on shares of Visteon from $129.00 to $127.00 and set an "outperform" rating on the stock in a research note on Monday, October 12th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $126.82.

Visteon Company Profile

Visteon Corporation NASDAQ: VC is a global automotive technology company that develops and supplies electronic systems for vehicle manufacturers. Its products are designed to support the digital, connected and increasingly electrified vehicle, with a focus on improving the driving experience, vehicle functionality and energy efficiency.

The company's product portfolio includes digital instrument clusters, displays, infotainment systems, connected-car technologies, cockpit domain controllers, climate-control electronics and other vehicle control systems.

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