$0.40 EPS Expected for Visteon Corp (NYSE:VC) This Quarter

Analysts expect Visteon Corp (NYSE:VC) to post $0.40 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Visteon’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.48. Visteon reported earnings of $1.37 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 70.8%. The company is expected to issue its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Visteon will report full-year earnings of $3.79 per share for the current fiscal year, with EPS estimates ranging from $3.24 to $4.32. For the next financial year, analysts expect that the business will post earnings of $5.70 per share, with EPS estimates ranging from $4.34 to $7.41. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Visteon.

Visteon (NYSE:VC) last posted its earnings results on Thursday, April 25th. The auto parts company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.58). The company had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $713.99 million. During the same period in the prior year, the business posted $2.08 EPS. The business’s revenue was down 9.5% on a year-over-year basis.

A number of brokerages have recently commented on VC. Morgan Stanley set a $47.00 price target on Visteon and gave the stock a “sell” rating in a report on Thursday, May 16th. BMO Capital Markets cut their price target on Visteon to $83.00 and set an “outperform” rating for the company in a report on Monday, April 29th. B. Riley lowered Visteon from a “buy” rating to a “neutral” rating and cut their price target for the stock from $130.00 to $75.00 in a report on Thursday, April 25th. TheStreet upgraded Visteon from a “c” rating to a “b-” rating in a report on Thursday, March 7th. Finally, Robert W. Baird upgraded Visteon from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $87.00 to $108.00 in a report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Visteon currently has a consensus rating of “Hold” and a consensus price target of $94.25.

In related news, Director Harry James Wilson purchased 2,000 shares of the stock in a transaction on Friday, June 21st. The shares were purchased at an average cost of $53.92 per share, for a total transaction of $107,840.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $647,040. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Manzo purchased 4,000 shares of the stock in a transaction on Wednesday, June 5th. The stock was bought at an average price of $48.76 per share, for a total transaction of $195,040.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $146,280. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Several hedge funds have recently made changes to their positions in VC. Norges Bank bought a new stake in Visteon during the 4th quarter worth approximately $22,797,000. Janus Henderson Group PLC grew its position in shares of Visteon by 12.0% in the first quarter. Janus Henderson Group PLC now owns 2,931,012 shares of the auto parts company’s stock valued at $197,404,000 after purchasing an additional 313,059 shares during the period. Royce & Associates LP grew its position in shares of Visteon by 37,554.1% in the fourth quarter. Royce & Associates LP now owns 222,912 shares of the auto parts company’s stock valued at $13,437,000 after purchasing an additional 222,320 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Visteon in the fourth quarter valued at about $10,611,000. Finally, Millennium Management LLC acquired a new stake in shares of Visteon in the fourth quarter valued at about $4,423,000.

VC opened at $58.58 on Friday. The stock has a 50 day moving average of $51.63. Visteon has a twelve month low of $44.04 and a twelve month high of $139.45.

Visteon Company Profile

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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