Visteon Corp (VC) Expected to Announce Earnings of $1.10 Per Share

Wall Street brokerages expect Visteon Corp (NYSE:VC) to report earnings per share of $1.10 for the current quarter, according to Zacks. Five analysts have issued estimates for Visteon’s earnings, with the highest EPS estimate coming in at $1.45 and the lowest estimate coming in at $0.73. Visteon reported earnings per share of $1.64 in the same quarter last year, which would suggest a negative year over year growth rate of 32.9%. The company is scheduled to issue its next earnings report on Thursday, February 28th.

On average, analysts expect that Visteon will report full year earnings of $5.68 per share for the current financial year, with EPS estimates ranging from $5.30 to $6.04. For the next financial year, analysts expect that the firm will report earnings of $5.91 per share, with EPS estimates ranging from $5.37 to $6.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Visteon.

Visteon (NYSE:VC) last announced its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.03). The firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $727.48 million.

Several brokerages have commented on VC. Jefferies Financial Group began coverage on shares of Visteon in a report on Tuesday. They issued an “underperform” rating and a $69.00 price objective for the company. Wells Fargo & Co restated a “market perform” rating and issued a $86.00 price objective (down from $123.00) on shares of Visteon in a report on Wednesday, October 17th. Consumer Edge began coverage on shares of Visteon in a report on Thursday, October 4th. They issued an “outperform” rating and a $130.00 price objective for the company. Wolfe Research began coverage on shares of Visteon in a report on Tuesday, October 2nd. They issued a “peer perform” rating for the company. Finally, Raymond James restated a “buy” rating on shares of Visteon in a report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Visteon currently has a consensus rating of “Hold” and a consensus target price of $128.83.

In other Visteon news, Director Rouzbeh Yassini-Fard acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was purchased at an average price of $75.57 per share, with a total value of $151,140.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $151,140. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Naomi M. Bergman acquired 1,000 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average cost of $78.01 per share, with a total value of $78,010.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 9,000 shares of company stock valued at $691,270. 0.19% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its stake in shares of Visteon by 27.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,463 shares of the auto parts company’s stock valued at $318,000 after buying an additional 532 shares in the last quarter. Waddell & Reed Financial Inc. lifted its stake in shares of Visteon by 13.0% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 773,909 shares of the auto parts company’s stock valued at $100,020,000 after buying an additional 88,745 shares in the last quarter. Robecosam AG lifted its stake in shares of Visteon by 39.2% during the 3rd quarter. Robecosam AG now owns 543,000 shares of the auto parts company’s stock valued at $50,749,000 after buying an additional 153,000 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Visteon during the 2nd quarter valued at $326,000. Finally, Creative Planning lifted its stake in shares of Visteon by 31.5% during the 3rd quarter. Creative Planning now owns 3,461 shares of the auto parts company’s stock valued at $322,000 after buying an additional 829 shares in the last quarter.

Shares of NYSE VC traded down $4.70 during trading hours on Tuesday, hitting $73.69. The company’s stock had a trading volume of 504,488 shares, compared to its average volume of 504,626. Visteon has a 12 month low of $67.27 and a 12 month high of $140.64.

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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