Vontier (NYSE:VNT) Issues Quarterly Earnings Results

Vontier (NYSE:VNT) issued its quarterly earnings data on Thursday. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05, Briefing.com reports. The business had revenue of $755.80 million during the quarter, compared to analysts’ expectations of $754.50 million. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. Vontier updated its Q2 guidance to $0.67-$0.71 EPS and its FY24 guidance to $3.00-$3.15 EPS.

Vontier Stock Performance

NYSE:VNT traded down $0.91 during mid-day trading on Friday, hitting $39.44. The stock had a trading volume of 759,660 shares, compared to its average volume of 615,216. The company has a 50 day simple moving average of $42.62 and a 200-day simple moving average of $37.16. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 1.18 and a beta of 1.33. The company has a current ratio of 1.57, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. Vontier has a 52 week low of $26.79 and a 52 week high of $45.62.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were issued 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 of this dividend was Wednesday, March 6th. Vontier’s dividend payout ratio (DPR) is presently 3.62%.

Wall Street Analyst Weigh In

VNT has been the subject of a number of analyst reports. Evercore ISI upped their price target on Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Bank of America raised shares of Vontier from a “neutral” rating to a “buy” rating and boosted their price target for the company from $37.00 to $40.00 in a research report on Thursday, January 11th. UBS Group lifted their target price on Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Citigroup lifted their target price on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, The Goldman Sachs Group raised 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 investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.00.

Vontier Company Profile

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.