Vontier (VNT) Set to Announce Earnings on Thursday

Vontier (NYSE:VNT) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Vontier to post earnings of $0.69 per share for the quarter. Vontier has set its Q1 guidance at $0.68-0.72 EPS and its FY24 guidance at $3.00-3.15 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 earnings per share. On average, analysts expect Vontier to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Vontier Trading Down 1.1 %

Shares of VNT opened at $40.31 on Thursday. The firm’s 50 day simple moving average is $42.71 and its 200 day simple moving average is $36.74. The company has a market capitalization of $6.23 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.17 and a beta of 1.31. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.39 and a quick ratio of 1.08. Vontier has a 1-year low of $26.23 and a 1-year high of $45.62.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Wednesday, March 6th. Vontier’s dividend payout ratio is 4.15%.

Analyst Ratings Changes

Several analysts recently weighed in on VNT shares. The Goldman Sachs Group lifted their price target on shares of Vontier from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Bank of America upgraded shares of Vontier from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $40.00 in a report on Thursday, January 11th. Argus lifted their price target on shares of Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. Citigroup raised their price objective on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, UBS Group raised their price objective on Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Vontier has an average rating of “Moderate Buy” and a consensus price target of $45.00.

About Vontier

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.