Visteon Corp (NYSE:VC) – Gabelli issued their FY2018 earnings per share (EPS) estimates for Visteon in a note issued to investors on Monday. Gabelli analyst B. Sponheimer forecasts that the auto parts company will post earnings per share of $6.80 for the year. Gabelli has a “Buy” rating and a $158.00 price objective on the stock. Gabelli also issued estimates for Visteon’s FY2019 earnings at $8.15 EPS, FY2020 earnings at $9.95 EPS and FY2021 earnings at $12.10 EPS.
Several other equities research analysts have also commented on VC. B. Riley reiterated a “buy” rating on shares of Visteon in a research note on Wednesday, November 1st. Royal Bank of Canada reiterated a “hold” rating and set a $138.00 price target on shares of Visteon in a research note on Wednesday, December 20th. Zacks Investment Research raised shares of Visteon from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Wednesday, December 27th. ValuEngine raised shares of Visteon from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Guggenheim began coverage on shares of Visteon in a research report on Wednesday, January 3rd. They set a “buy” rating and a $140.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $137.76.
Visteon (NYSE:VC) last announced its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $797.00 million for the quarter, compared to analyst estimates of $797.55 million. During the same quarter in the prior year, the business earned $1.55 earnings per share. Visteon’s revenue was down 2.3% compared to the same quarter last year.
Several large investors have recently modified their holdings of VC. The Manufacturers Life Insurance Company boosted its holdings in shares of Visteon by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after acquiring an additional 61 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Visteon by 32.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,773 shares of the auto parts company’s stock valued at $219,000 after purchasing an additional 433 shares during the period. World Asset Management Inc acquired a new stake in shares of Visteon in the third quarter valued at about $220,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Visteon by 42.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock valued at $220,000 after purchasing an additional 526 shares during the period. Finally, Turner Investments LLC acquired a new stake in shares of Visteon in the third quarter valued at about $248,000.
In other news, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $130.94, for a total value of $654,700.00. Following the sale, the chief executive officer now owns 8,595 shares of the company’s stock, valued at $1,125,429.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 15,000 shares of company stock worth $1,938,500. Insiders own 0.19% of the company’s stock.
Visteon announced that its Board of Directors has approved a stock buyback plan on Tuesday, January 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
WARNING: “Visteon Corp to Post FY2018 Earnings of $6.80 Per Share, Gabelli Forecasts (VC)” was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.tickerreport.com/banking-finance/3231059/visteon-corp-to-post-fy2018-earnings-of-6-80-per-share-gabelli-forecasts-vc.html.
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.