Zacks: Analysts Anticipate Visteon Corp (VC) Will Announce Quarterly Sales of $795.80 Million

Wall Street analysts expect that Visteon Corp (NYSE:VC) will report sales of $795.80 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Visteon’s earnings. The highest sales estimate is $808.00 million and the lowest is $779.00 million. Visteon reported sales of $797.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.2%. The company is scheduled to report its next earnings results on Thursday, February 28th.

On average, analysts expect that Visteon will report full-year sales of $3.09 billion for the current year, with estimates ranging from $3.06 billion to $3.12 billion. For the next year, analysts anticipate that the company will post sales of $3.17 billion, with estimates ranging from $3.05 billion to $3.27 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Visteon.

Visteon (NYSE:VC) last released its quarterly earnings results on Thursday, October 25th. The auto parts company reported $1.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.03). Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate of $727.48 million.



VC has been the subject of a number of recent analyst reports. Goldman Sachs Group cut shares of Visteon from a “buy” rating to a “neutral” rating and set a $142.00 price target for the company. in a report on Friday, July 13th. Wells Fargo & Co cut shares of Visteon from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $146.00 to $137.00 in a report on Tuesday, July 17th. Longbow Research set a $145.00 price target on shares of Visteon and gave the company a “buy” rating in a report on Thursday, July 26th. Royal Bank of Canada restated a “hold” rating and set a $123.00 price target on shares of Visteon in a report on Friday, July 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Visteon from $128.00 to $124.00 and set a “neutral” rating for the company in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $134.33.

In other news, insider Robert R. Vallance sold 850 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $116.85, for a total transaction of $99,322.50. Following the completion of the transaction, the insider now owns 4,414 shares of the company’s stock, valued at $515,775.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $118.00, for a total transaction of $295,000.00. Following the transaction, the chief executive officer now directly owns 65,109 shares of the company’s stock, valued at approximately $7,682,862. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of VC. Janus Henderson Group PLC raised its position in Visteon by 97.8% in the second quarter. Janus Henderson Group PLC now owns 1,868,892 shares of the auto parts company’s stock worth $241,536,000 after purchasing an additional 923,916 shares in the last quarter. Bank of New York Mellon Corp raised its position in Visteon by 22.2% in the second quarter. Bank of New York Mellon Corp now owns 2,476,560 shares of the auto parts company’s stock worth $320,071,000 after purchasing an additional 449,197 shares in the last quarter. Millennium Management LLC raised its position in Visteon by 475.7% in the first quarter. Millennium Management LLC now owns 247,152 shares of the auto parts company’s stock worth $27,246,000 after purchasing an additional 204,225 shares in the last quarter. Baird Financial Group Inc. acquired a new position in Visteon in the second quarter worth about $25,994,000. Finally, Robecosam AG raised its position in Visteon by 56.0% in the second quarter. Robecosam AG now owns 390,000 shares of the auto parts company’s stock worth $50,138,000 after purchasing an additional 140,000 shares in the last quarter.

VC stock traded down $0.02 during mid-day trading on Friday, reaching $72.00. 1,155,759 shares of the stock traded hands, compared to its average volume of 488,227. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. Visteon has a 52 week low of $67.27 and a 52 week high of $140.64.

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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