Vontier (NYSE:VNT) Releases FY24 Earnings Guidance

Vontier (NYSE:VNT) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.00-$3.15 for the period, compared to the consensus estimate of $3.11. The company issued revenue guidance of $3.04-$3.10 billion, compared to the consensus revenue estimate of $3.10 billion. Vontier also updated its Q2 guidance to $0.67-$0.71 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VNT. The Goldman Sachs Group lifted 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. Bank of America raised Vontier from a neutral rating to a buy rating and lifted their price objective for the stock from $37.00 to $40.00 in a research note on Thursday, January 11th. UBS Group lifted their price objective on Vontier from $42.00 to $46.00 and gave the stock a buy rating in a research note on Friday, February 16th. Evercore ISI lifted their target price on Vontier from $40.00 to $47.00 and gave the stock an outperform rating in a report on Tuesday, February 20th. Finally, Argus lifted their target price on Vontier from $39.00 to $50.00 and gave the stock a buy rating in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $45.00.

Vontier Stock Down 2.3 %

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

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share (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 business had revenue of $755.80 million during the quarter, compared to the consensus estimate of $754.50 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. Vontier’s revenue was down 2.7% compared to the same quarter last year. On average, equities analysts predict that Vontier will post 3.15 EPS for the current year.

Vontier Dividend Announcement

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

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.