Vontier (NYSE:VNT) Issues Q2 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.67-$0.71 for the period, compared to the consensus EPS estimate of $0.74. The company issued revenue guidance of $735-$750 million, compared to the consensus revenue estimate of $763.75 million. Vontier also updated its FY24 guidance to $3.00-$3.15 EPS.

Vontier Price Performance

Shares of VNT stock traded down $0.91 during trading hours on Friday, hitting $39.44. 759,660 shares of the company’s stock were exchanged, compared to its average volume of 615,216. The company has a quick ratio of 1.08, a current ratio of 1.57 and a debt-to-equity ratio of 2.21. The firm has a market cap of $6.10 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.15 and a beta of 1.33. The firm has a 50 day moving average of $42.62 and a two-hundred day moving average of $37.16. Vontier has a fifty-two week low of $26.79 and a fifty-two week high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The firm had revenue of $755.80 million during the quarter, compared to analysts’ expectations of $754.50 million. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts forecast that Vontier will post 3.15 EPS for the current year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Wednesday, March 6th. Vontier’s payout ratio is 3.62%.

Analyst Ratings Changes

Several brokerages have issued reports on VNT. Argus upped their target price on Vontier from $39.00 to $50.00 and gave the company a buy rating in a report on Monday, March 18th. UBS Group upped their price target on Vontier from $42.00 to $46.00 and gave the company a buy rating in a research note on Friday, February 16th. Citigroup upped their price target on Vontier from $45.00 to $51.00 and gave the company a buy rating in a research note on Monday, April 8th. Bank of America raised Vontier from a neutral rating to a buy rating and upped their price target for the company from $37.00 to $40.00 in a research note on Thursday, January 11th. Finally, The Goldman Sachs Group upped their price target on Vontier from $37.00 to $41.00 and gave the company a neutral rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vontier presently has a consensus rating of Moderate Buy and an average target price of $45.00.

About Vontier

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.