Visteon (NASDAQ:VC) Issues Quarterly Earnings Results

Visteon (NASDAQ:VC) announced its 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 net margin of 12.29% and a return on equity of 57.45%. The firm had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. During the same period last year, the firm earned $1.25 earnings per share. Visteon’s revenue for the quarter was down 3.5% compared to the same quarter last year. Visteon updated its FY 2024 guidance to EPS.

Visteon Price Performance

Shares of VC traded up $2.53 during mid-day trading on Friday, hitting $112.19. 439,424 shares of the company traded hands, compared to its average volume of 286,890. Visteon has a one year low of $105.19 and a one year high of $159.87. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 0.50 and a beta of 1.65. The company has a current ratio of 1.74, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $113.72 and a 200 day moving average of $118.59.

Analysts Set New Price Targets

VC has been the topic of several research analyst reports. Robert W. Baird lowered their price target on shares of Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a report on Friday. Wolfe Research restated a “peer perform” rating on shares of Visteon in a report on Thursday, January 4th. UBS Group upgraded shares of Visteon from a “neutral” rating to a “buy” rating and boosted their price target for the company from $143.00 to $145.00 in a report on Wednesday, January 17th. JPMorgan Chase & Co. decreased their price objective on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating for the company in a report on Monday. Finally, Guggenheim decreased their price objective on shares of Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.36.

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.