Visteon (VC) Set to Announce Quarterly Earnings on Thursday

Visteon (NYSE:VC) is set to release its earnings data before the market opens on Thursday, February 22nd. Analysts expect Visteon to post earnings of $1.75 per share for the quarter.

Visteon (NYSE VC) opened at $123.38 on Thursday. Visteon has a 1 year low of $89.60 and a 1 year high of $140.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. The stock has a market capitalization of $3,740.00, a PE ratio of 23.59, a PEG ratio of 1.34 and a beta of 0.85.

Visteon declared that its Board of Directors has initiated a share buyback program on Tuesday, January 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of brokerages have recently issued reports on VC. B. Riley restated a “buy” rating on shares of Visteon in a research report on Wednesday, November 1st. Royal Bank of Canada restated a “hold” rating and set a $126.00 price objective on shares of Visteon in a research report on Wednesday, October 18th. JPMorgan Chase & Co. downgraded Visteon from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $142.00 to $137.00 in a report on Monday, January 22nd. Morgan Stanley lifted their target price on Visteon from $112.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, Barclays lifted their target price on Visteon from $107.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $134.25.

In other news, CEO Sachin Lawande sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $130.94, for a total transaction of $654,700.00. Following the completion of the sale, the chief executive officer now owns 8,595 shares in the company, valued at $1,125,429.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 17,500 shares of company stock valued at $2,263,500. Corporate insiders own 0.19% of the company’s stock.

A hedge fund recently raised its stake in Visteon stock. The Manufacturers Life Insurance Company grew its position in shares of Visteon Corp (NYSE:VC) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,040 shares of the auto parts company’s stock after acquiring an additional 61 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Visteon were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

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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.

Earnings History for Visteon (NYSE:VC)

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