Visteon Corp to Post FY2017 Earnings of $6.19 Per Share, B. Riley Forecasts (VC)
Visteon Corp (NYSE:VC) – Investment analysts at B. Riley cut their FY2017 earnings per share (EPS) estimates for shares of Visteon in a research note issued on Thursday. B. Riley analyst C. Horn now anticipates that the auto parts company will post earnings of $6.19 per share for the year, down from their previous estimate of $6.20. B. Riley currently has a “Buy” rating and a $162.00 target price on the stock.
Visteon (NYSE:VC) last issued its earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.17. The firm had revenue of $765.00 million for the quarter, compared to analyst estimates of $761.95 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share.
Several other brokerages have also issued reports on VC. Zacks Investment Research upgraded Visteon from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research note on Saturday, January 6th. Barclays set a $107.00 target price on Visteon and gave the company a “hold” rating in a research note on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and issued a $143.00 price target on shares of Visteon in a research report on Tuesday, October 17th. Guggenheim reiterated a “buy” rating and issued a $154.00 price target on shares of Visteon in a research report on Wednesday. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $138.00 price target on shares of Visteon in a research report on Wednesday, December 20th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $132.31.
Shares of Visteon (VC) opened at $138.03 on Friday. The stock has a market capitalization of $4,290.00, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. Visteon has a one year low of $86.10 and a one year high of $140.64.
A number of institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP grew its position in Visteon by 2.8% during the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock worth $111,000 after buying an additional 30 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Visteon by 6.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after buying an additional 61 shares in the last quarter. ETRADE Capital Management LLC grew its position in Visteon by 5.2% during the second quarter. ETRADE Capital Management LLC now owns 5,261 shares of the auto parts company’s stock worth $537,000 after buying an additional 261 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Visteon by 3.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 11,184 shares of the auto parts company’s stock worth $1,384,000 after buying an additional 412 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Visteon by 32.3% during the third quarter. BNP Paribas Arbitrage SA now owns 1,773 shares of the auto parts company’s stock worth $219,000 after buying an additional 433 shares in the last quarter.
In related news, CEO Sachin Lawande sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $130.94, for a total transaction of $654,700.00. Following the completion of the transaction, the chief executive officer now directly owns 8,595 shares in the company, valued at $1,125,429.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 17,004 shares of company stock valued at $2,180,621. 0.19% of the stock is owned by company insiders.
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.
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.