Visteon (NASDAQ:VC) Issues Earnings Results

Key Points

• Visteon reported a quarterly earnings per share (EPS) of $2.15, exceeding the consensus estimate of $2.03, despite a 6.4% year-over-year decline in quarterly revenue.
• The company announced a quarterly dividend of $0.275, reflecting a 1.0% yield, with the ex-dividend date set for November 18th.
• Analysts are generally optimistic, with multiple upgrades to Visteon's price target and an average consensus rating of "Moderate Buy."

Visteon (NASDAQ:VC - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.08, Zacks reports. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $945.41 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The company's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $2.26 EPS. Visteon updated its FY 2025 guidance to EPS.

Visteon Price Performance

Visteon stock traded down $5.10 during mid-day trading on Thursday, reaching $110.27. The company had a trading volume of 556,822 shares, compared to its average volume of 375,913. The business has a fifty day simple moving average of $121.53 and a 200 day simple moving average of $102.10. The company has a market cap of $3.01 billion, a P/E ratio of 10.51, a P/E/G ratio of 2.78 and a beta of 1.22. 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 fifty-two week low of $65.10 and a fifty-two week high of $129.10.

Visteon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th will be given a $0.275 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.0%. Visteon's dividend payout ratio (DPR) is currently 10.49%.

Insider Activity at Visteon

In related news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total transaction of $240,000.00. Following the sale, the senior vice president owned 18,838 shares of the company's stock, valued at $2,260,560. This trade represents a 9.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Francis M. Scricco sold 4,350 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $120.53, for a total value of $524,305.50. Following the completion of the transaction, the director directly owned 2,792 shares of the company's stock, valued at approximately $336,519.76. The trade was a 60.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,102 shares of company stock valued at $1,338,295 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visteon

Several large investors have recently modified their holdings of VC. Lighthouse Investment Partners LLC bought a new stake in shares of Visteon in the second quarter worth $355,000. Quantinno Capital Management LP bought a new stake in shares of Visteon in the 2nd quarter valued at about $440,000. Vident Advisory LLC bought a new stake in shares of Visteon in the 2nd quarter valued at about $633,000. Amundi increased its stake in shares of Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company's stock valued at $706,000 after buying an additional 86 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of Visteon during the second quarter worth about $748,000. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on VC shares. The Goldman Sachs Group set a $147.00 price target on Visteon in a research report on Monday, September 29th. Barclays raised their target price on shares of Visteon from $120.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, October 10th. Morgan Stanley boosted their target price on shares of Visteon from $90.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Wells Fargo & Company increased their price target on shares of Visteon from $145.00 to $151.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Visteon in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Visteon presently has an average rating of "Moderate Buy" and an average price target of $132.38.

About Visteon

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.