Brokerages expect Visteon Corp (NYSE:VC) to announce $733.92 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Visteon’s earnings. The lowest sales estimate is $727.58 million and the highest is $743.00 million. Visteon reported sales of $758.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 3.2%. The business is scheduled to issue its next earnings results on Thursday, July 25th.
On average, analysts expect that Visteon will report full year sales of $2.94 billion for the current fiscal year, with estimates ranging from $2.91 billion to $2.95 billion. For the next fiscal year, analysts expect that the company will report sales of $3.28 billion, with estimates ranging from $3.14 billion to $3.39 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Visteon.
Visteon (NYSE:VC) last posted its earnings results on Thursday, April 25th. The auto parts company reported $0.53 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.58). The company had revenue of $737.00 million for the quarter, compared to analyst estimates of $713.99 million. During the same quarter in the previous year, the company posted $2.08 EPS. Visteon’s revenue for the quarter was down 9.5% compared to the same quarter last year.
VC has been the topic of a number of recent analyst reports. Longbow Research set a $110.00 price target on shares of Visteon and gave the stock a “buy” rating in a research report on Friday, February 22nd. BMO Capital Markets boosted their price target on shares of Visteon from $91.00 to $103.00 and gave the stock an “outperform” rating in a research report on Monday, February 25th. They noted that the move was a valuation call. Morgan Stanley set a $73.00 price target on shares of Visteon and gave the stock a “sell” rating in a research report on Tuesday, March 5th. TheStreet upgraded shares of Visteon from a “c” rating to a “b-” rating in a research report on Thursday, March 7th. Finally, UBS Group dropped their price target on shares of Visteon from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Visteon has a consensus rating of “Hold” and a consensus target price of $94.50.
Shares of NYSE VC traded down $0.22 during midday trading on Friday, reaching $52.27. The stock had a trading volume of 786,540 shares, compared to its average volume of 625,782. Visteon has a twelve month low of $44.04 and a twelve month high of $139.45.
In related news, Director Robert Manzo acquired 4,000 shares of the stock in a transaction dated 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 purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $146,280. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.19% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Comerica Bank increased its stake in shares of Visteon by 1.0% in the 4th quarter. Comerica Bank now owns 19,721 shares of the auto parts company’s stock valued at $1,484,000 after acquiring an additional 202 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Visteon by 8.9% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,880 shares of the auto parts company’s stock valued at $194,000 after acquiring an additional 235 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of Visteon by 1.4% in the 1st quarter. Texas Permanent School Fund now owns 19,177 shares of the auto parts company’s stock valued at $1,292,000 after acquiring an additional 259 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Visteon by 6.8% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,325 shares of the auto parts company’s stock valued at $291,000 after acquiring an additional 277 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Visteon by 4.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 7,457 shares of the auto parts company’s stock valued at $450,000 after acquiring an additional 327 shares in the last quarter.
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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