Visteon Corporation (NASDAQ:VC) Plans Quarterly Dividend of $0.28

Key Points

• Visteon Corporation announced a quarterly dividend of $0.28, which will be paid to investors of record on November 18th, with an ex-dividend date of the same day.
• The company's stock recently traded down by 1.6% to $113.78, reflecting fluctuating market conditions with a current P/E ratio of 10.85.
• Analysts are optimistic about Visteon's growth, with several upgrades to "outperform" and "buy" ratings and target prices ranging from $123.00 to $147.00.

Visteon Corporation (NASDAQ:VC - Get Free Report) announced a quarterly dividend on Friday, October 17th. Investors of record on Tuesday, November 18th will be given a dividend of 0.275 per share on Friday, December 5th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, November 18th.

Visteon Trading Down 1.6%

VC traded down $1.81 during trading on Friday, hitting $113.78. 341,973 shares of the company's stock were exchanged, compared to its average volume of 374,554. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. Visteon has a 1 year low of $65.10 and a 1 year high of $129.10. The stock has a 50 day moving average price of $121.72 and a 200 day moving average price of $101.01. The firm has a market cap of $3.10 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 2.76 and a beta of 1.22.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.35. The company had revenue of $969.00 million during the quarter, compared to the consensus estimate of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. Visteon's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. As a group, analysts expect that Visteon will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VC shares. Wolfe Research raised shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price on the stock in a report on Wednesday, July 2nd. The Goldman Sachs Group set a $147.00 price target on shares of Visteon in a report on Monday, September 29th. Wall Street Zen raised shares of Visteon from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Robert W. Baird set a $144.00 price target on shares of Visteon in a research report on Wednesday, September 3rd. Finally, Baird R W upgraded shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $131.00.

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.

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