Visteon (NASDAQ:VC) Issues Quarterly Earnings Results

Visteon (NASDAQ:VC) posted its quarterly earnings results on Thursday. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.14), Briefing.com reports. Visteon had a return on equity of 53.49% and a net margin of 12.60%. The firm had revenue of $933.00 million for the quarter, compared to the consensus estimate of $971.45 million. During the same period last year, the company posted $1.25 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. Visteon updated its FY 2024 guidance to EPS.

Visteon Trading Up 2.3 %

VC stock opened at $112.19 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.74. The company’s 50-day simple moving average is $113.58 and its 200 day simple moving average is $118.35. Visteon has a 52 week low of $105.19 and a 52 week high of $159.87. The company has a market capitalization of $3.08 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.51 and a beta of 1.65.

Wall Street Analysts Forecast Growth

VC has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada dropped their price target on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. StockNews.com upgraded shares of Visteon from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, UBS Group upgraded shares of Visteon from a “neutral” rating to a “buy” rating and upped their price objective for the company from $143.00 to $145.00 in a report on Wednesday, January 17th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Visteon has an average rating of “Moderate Buy” and an average price target of $142.36.

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.