Equities analysts forecast that Visteon Corp (NYSE:VC) will post sales of $804.13 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Visteon’s earnings, with the lowest sales estimate coming in at $795.00 million and the highest estimate coming in at $811.10 million. Visteon posted sales of $816.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.5%. The firm is scheduled to issue its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Visteon will report full-year sales of $804.13 million for the current year, with estimates ranging from $3.14 billion to $3.17 billion. For the next financial year, analysts forecast that the business will report sales of $0.00 per share. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Visteon.

Visteon (NYSE:VC) last released its earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.17. The business had revenue of $765.00 million during the quarter, compared to the consensus estimate of $761.95 million. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share.

A number of brokerages have recently commented on VC. Citigroup lifted their price objective on shares of Visteon from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research raised shares of Visteon from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, December 27th. Longbow Research began coverage on shares of Visteon in a research report on Friday, January 5th. They issued a “buy” rating and a $160.00 price objective for the company. B. Riley reissued a “buy” rating on shares of Visteon in a research report on Wednesday, November 1st. Finally, Barclays lifted their price objective on shares of Visteon from $107.00 to $112.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Visteon currently has an average rating of “Buy” and a consensus target price of $132.31.

In other news, CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $130.00, for a total transaction of $325,000.00. Following the completion of the sale, the chief executive officer now owns 8,595 shares in the company, valued at approximately $1,117,350. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 15,000 shares of company stock valued at $1,932,325. 0.19% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of VC. BNP Paribas Arbitrage SA lifted its stake in shares of Visteon by 64.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock worth $137,000 after buying an additional 526 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Visteon by 29.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 175,085 shares of the auto parts company’s stock worth $17,869,000 after purchasing an additional 39,689 shares in the last quarter. AXA acquired a new stake in Visteon in the 2nd quarter worth about $531,000. Riverhead Capital Management LLC acquired a new stake in Visteon in the 2nd quarter worth about $153,000. Finally, Teachers Advisors LLC raised its stake in Visteon by 21.3% in the 2nd quarter. Teachers Advisors LLC now owns 269,587 shares of the auto parts company’s stock worth $27,514,000 after purchasing an additional 47,305 shares in the last quarter.

Visteon (VC) traded down $0.54 during trading on Thursday, reaching $131.85. 339,368 shares of the company were exchanged, compared to its average volume of 226,012. The company has a market capitalization of $4,100.00, a P/E ratio of 25.21, a P/E/G ratio of 1.34 and a beta of 0.86. Visteon has a 1-year low of $86.10 and a 1-year high of $140.64. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47.

Visteon announced that its board has initiated a share repurchase program on Tuesday, January 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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About Visteon

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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Earnings History and Estimates for Visteon (NYSE:VC)

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