Brokerages expect that Visteon Corporation (NYSE:VC) will post $768.82 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Visteon Corporation’s earnings, with the lowest sales estimate coming in at $739.93 million and the highest estimate coming in at $785.00 million. Visteon Corporation posted sales of $773.00 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.5%. The firm is expected to issue its next earnings results before the market opens on Thursday, July 27th.
On average, analysts expect that Visteon Corporation will report full-year sales of $768.82 million for the current year, with estimates ranging from $3.12 billion to $3.20 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.30 billion per share, with estimates ranging from $3.23 billion to $3.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Visteon Corporation.
Visteon Corporation (NYSE:VC) last released its quarterly earnings data on Thursday, April 27th. The auto parts company reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.34. The company had revenue of $810 million during the quarter, compared to analyst estimates of $806.69 million. Visteon Corporation had a net margin of 3.76% and a return on equity of 26.74%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share.
Several equities research analysts recently weighed in on VC shares. Goldman Sachs Group, Inc. (The) started coverage on Visteon Corporation in a research note on Monday, April 3rd. They set a “buy” rating and a $104.00 target price for the company. Zacks Investment Research upgraded Visteon Corporation from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Thursday, July 13th. Morgan Stanley upgraded Visteon Corporation from an “equal weight” rating to an “overweight” rating and set a $115.00 target price for the company in a research note on Friday, May 12th. BMO Capital Markets decreased their target price on Visteon Corporation from $104.00 to $95.00 and set a “market perform” rating for the company in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada started coverage on Visteon Corporation in a research note on Monday, May 15th. They set a “sector perform” rating and a $110.00 target price for the company. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Visteon Corporation presently has a consensus rating of “Buy” and a consensus price target of $100.13.
Visteon Corporation (NYSE VC) traded up 1.28% during mid-day trading on Friday, hitting $107.66. 318,957 shares of the company’s stock traded hands. Visteon Corporation has a one year low of $64.95 and a one year high of $107.74. The stock has a market cap of $3.42 billion, a PE ratio of 30.73 and a beta of 0.89. The firm’s 50-day moving average price is $99.29 and its 200-day moving average price is $94.07.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC raised its position in Visteon Corporation by 73.9% in the fourth quarter. Guggenheim Capital LLC now owns 7,376 shares of the auto parts company’s stock worth $592,000 after buying an additional 3,135 shares during the last quarter. Norges Bank acquired a new position in shares of Visteon Corporation during the fourth quarter worth $25,737,000. Teachers Advisors LLC raised its position in shares of Visteon Corporation by 97.3% in the fourth quarter. Teachers Advisors LLC now owns 251,424 shares of the auto parts company’s stock worth $20,199,000 after buying an additional 123,970 shares in the last quarter. Philadelphia Trust Co. acquired a new position in shares of Visteon Corporation during the fourth quarter worth $422,000. Finally, Creative Planning raised its position in shares of Visteon Corporation by 29.4% in the first quarter. Creative Planning now owns 1,820 shares of the auto parts company’s stock worth $178,000 after buying an additional 414 shares in the last quarter.
About Visteon Corporation
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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