Visteon Corp (VC) Expected to Announce Quarterly Sales of $804.13 Million

Equities analysts expect Visteon Corp (NYSE:VC) to report sales of $804.13 million for the current quarter, Zacks reports. Seven analysts have issued 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 reported sales of $816.00 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The business is expected to announce its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Visteon will report full-year sales of $804.13 million for the current fiscal year, with estimates ranging from $3.14 billion to $3.17 billion. For the next year, analysts forecast that the business will report sales of $3.29 billion per share, with estimates ranging from $3.19 billion to $3.34 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Visteon.

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

Several analysts have commented on VC shares. BMO Capital Markets raised Visteon from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $104.00 to $115.00 in a report on Friday, September 22nd. Zacks Investment Research raised Visteon from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a report on Wednesday, September 27th. Jefferies Group started coverage on Visteon in a report on Thursday, September 28th. They issued a “hold” rating and a $135.00 price objective on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $115.00 price objective on shares of Visteon in a report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a “buy” rating and issued a $143.00 price objective on shares of Visteon in a report on Tuesday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $132.31.

In other news, CEO Sachin Lawande sold 2,500 shares of Visteon stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $130.00, for a total value of $325,000.00. Following the sale, the chief executive officer now directly owns 8,595 shares of the company’s stock, valued at $1,117,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 15,000 shares of company stock worth $1,932,325 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

A number of institutional investors have recently made changes to their positions in VC. BNP Paribas Arbitrage SA lifted its position in Visteon by 64.6% during the second 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 in the last quarter. JPMorgan Chase & Co. lifted its position in Visteon by 29.3% during the second quarter. JPMorgan Chase & Co. now owns 175,085 shares of the auto parts company’s stock worth $17,869,000 after buying an additional 39,689 shares in the last quarter. AXA purchased a new position in Visteon during the second quarter worth approximately $531,000. Riverhead Capital Management LLC purchased a new position in Visteon during the second quarter worth approximately $153,000. Finally, Teachers Advisors LLC lifted its position in Visteon by 21.3% during the second quarter. Teachers Advisors LLC now owns 269,587 shares of the auto parts company’s stock worth $27,514,000 after buying an additional 47,305 shares in the last quarter.

Shares of Visteon (NYSE VC) opened at $136.12 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. Visteon has a 1-year low of $86.10 and a 1-year high of $140.64. The company has a market capitalization of $4,230.00, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86.

Visteon announced 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 purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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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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Earnings History and Estimates for Visteon (NYSE:VC)

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