Wall Street brokerages expect Visteon Corp (NYSE:VC) to post earnings per share (EPS) of $1.14 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Visteon’s earnings. The lowest EPS estimate is $0.88 and the highest is $1.52. Visteon posted earnings of $2.08 per share in the same quarter last year, which would suggest a negative year over year growth rate of 45.2%. The company is expected to report its next earnings report on Thursday, April 25th.
On average, analysts expect that Visteon will report full-year earnings of $5.14 per share for the current year, with EPS estimates ranging from $4.56 to $5.71. For the next financial year, analysts forecast that the business will report earnings of $7.06 per share, with EPS estimates ranging from $6.39 to $8.35. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Visteon.
Visteon (NYSE:VC) last posted its earnings results on Thursday, February 21st. The auto parts company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.49. The firm had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $721.02 million. During the same period in the previous year, the company earned $1.64 earnings per share. The company’s revenue was down 8.3% compared to the same quarter last year.
Shares of VC traded down $0.80 during mid-day trading on Friday, hitting $67.35. 1,121,319 shares of the company were exchanged, compared to its average volume of 594,707. Visteon has a 1-year low of $56.59 and a 1-year high of $139.45.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Visteon by 103.6% in the third quarter. BlackRock Inc. now owns 2,655,521 shares of the auto parts company’s stock valued at $246,698,000 after acquiring an additional 1,351,525 shares in the last quarter. Norges Bank purchased a new stake in shares of Visteon in the fourth quarter valued at about $22,797,000. Royce & Associates LP boosted its holdings in shares of Visteon by 37,554.1% in the fourth quarter. Royce & Associates LP now owns 222,912 shares of the auto parts company’s stock valued at $13,437,000 after acquiring an additional 222,320 shares in the last quarter. Marathon Asset Management LLP purchased a new stake in shares of Visteon in the fourth quarter valued at about $12,819,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Visteon in the fourth quarter valued at about $10,611,000.
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.
Featured Story: Different Options Trading Strategies
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.