Vontier (NYSE:VNT) Updates Q3 2024 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.670-0.710 for the period, compared to the consensus earnings per share estimate of 0.790. The company issued revenue guidance of $715.0 million-$740.0 million, compared to the consensus revenue estimate of $766.9 million. Vontier also updated its FY 2024 guidance to 2.800-3.000 EPS.

Vontier Stock Down 10.8 %

VNT stock traded down $4.23 during mid-day trading on Thursday, hitting $35.00. 2,463,535 shares of the company were exchanged, compared to its average volume of 738,773. Vontier has a twelve month low of $28.84 and a twelve month high of $45.62. The firm has a fifty day simple moving average of $39.12 and a 200 day simple moving average of $39.97. The company has a current ratio of 1.57, a quick ratio of 1.23 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $5.40 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The business had revenue of $755.80 million during the quarter, compared to analyst estimates of $754.50 million. During the same period in the previous year, the business posted $0.68 EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts forecast that Vontier will post 3.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price objective on shares of Vontier from $45.00 to $51.00 and gave the company a buy rating in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price 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.