Vontier (NYSE:VNT) Issues FY 2024 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 2.860-2.920 for the period, compared to the consensus EPS estimate of 2.850. The company issued revenue guidance of $3.0 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion. Vontier also updated its Q4 guidance to $0.79 EPS.

Vontier Price Performance

NYSE VNT traded down $0.12 on Friday, hitting $36.96. 1,215,603 shares of the company’s stock were exchanged, compared to its average volume of 742,318. The stock has a 50-day moving average of $33.95 and a 200-day moving average of $36.95. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 2.10. Vontier has a 52 week low of $29.99 and a 52 week high of $45.62. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 1.63 and a beta of 1.24.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same period in the prior year, the company earned $0.73 EPS. Vontier’s revenue was down 2.0% compared to the same quarter last year. Analysts expect that Vontier will post 2.88 earnings per share for the current year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier’s payout ratio is 3.83%.

Analyst Ratings Changes

Several brokerages recently issued reports on VNT. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Barclays lowered their target price on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Evercore ISI lowered their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Robert W. Baird lowered their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five 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 a consensus target price of $44.25.

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.