Visteon (VC) Set to Announce Earnings on Thursday

Visteon (NASDAQ:VC) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Visteon to post earnings of $1.79 per share for the quarter. Visteon has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Visteon (NASDAQ:VC) last released its earnings results on Tuesday, February 20th. The company reported $13.01 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $10.92. The business had revenue of $990.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The firm’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 earnings per share. On average, analysts expect Visteon to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Visteon Stock Up 1.7 %

VC opened at $109.81 on Wednesday. The stock has a market cap of $3.02 billion, a PE ratio of 6.39, a P/E/G ratio of 0.49 and a beta of 1.65. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. Visteon has a 52 week low of $105.76 and a 52 week high of $159.87. The business’s fifty day simple moving average is $114.11 and its 200 day simple moving average is $118.71.

Analyst Ratings Changes

VC has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price objective on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Bank of America reduced their price objective on Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. StockNews.com raised Visteon from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, UBS Group raised Visteon from a “neutral” rating to a “buy” rating and raised their price objective for the company from $143.00 to $145.00 in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Visteon has a consensus rating of “Moderate Buy” and a consensus price target of $142.70.

Visteon Company Profile

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.