Visteon Corp (NYSE:VC) – Investment analysts at Gabelli issued their FY2022 earnings per share (EPS) estimates for shares of Visteon in a note issued to investors on Monday. Gabelli analyst B. Sponheimer expects that the auto parts company will post earnings of $14.15 per share for the year. Gabelli has a “Buy” rating and a $158.00 price target on the stock.
Visteon (NYSE:VC) last issued its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.09). Visteon had a return on equity of 29.13% and a net margin of 4.83%. The business had revenue of $797.00 million during the quarter, compared to analyst estimates of $797.55 million. During the same quarter last year, the firm earned $1.55 EPS. Visteon’s revenue for the quarter was down 2.3% compared to the same quarter last year.
Shares of Visteon (NYSE VC) traded down $4.03 during trading on Tuesday, reaching $124.38. 419,500 shares of the company’s stock traded hands, compared to its average volume of 324,052. Visteon has a twelve month low of $91.20 and a twelve month high of $140.64. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3,850.00, a PE ratio of 9.82, a price-to-earnings-growth ratio of 1.34 and a beta of 0.85.
Institutional investors and hedge funds have recently bought and sold shares of the business. Hennessy Advisors Inc. acquired a new position in shares of Visteon in the 4th quarter worth approximately $30,134,000. Schwab Charles Investment Management Inc. lifted its position in shares of Visteon by 1.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 119,462 shares of the auto parts company’s stock worth $14,786,000 after purchasing an additional 1,489 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Visteon by 3.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock worth $85,074,000 after purchasing an additional 20,570 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Visteon in the 3rd quarter worth approximately $293,000. Finally, Mackenzie Financial Corp lifted its position in shares of Visteon by 47.6% in the 3rd quarter. Mackenzie Financial Corp now owns 61,324 shares of the auto parts company’s stock worth $7,590,000 after purchasing an additional 19,790 shares during the period.
In related news, CEO Sachin Lawande sold 2,500 shares of Visteon stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total transaction of $312,500.00. Following the sale, the chief executive officer now directly owns 8,595 shares of the company’s stock, valued at approximately $1,074,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 15,000 shares of company stock worth $1,938,500 over the last ninety days. 0.19% of the stock is currently owned by insiders.
Visteon declared that its Board of Directors has initiated a share buyback program on Tuesday, January 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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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