Q3 2017 Earnings Estimate for Visteon Corporation (VC) Issued By Jefferies Group
Visteon Corporation (NYSE:VC) – Research analysts at Jefferies Group issued their Q3 2017 earnings estimates for shares of Visteon Corporation in a research report issued to clients and investors on Thursday. Jefferies Group analyst D. Kelley expects that the auto parts company will earn $1.21 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $135.00 target price on the stock. Jefferies Group also issued estimates for Visteon Corporation’s Q4 2017 earnings at $1.68 EPS, FY2017 earnings at $5.98 EPS, Q1 2018 earnings at $1.96 EPS, Q2 2018 earnings at $1.55 EPS, Q3 2018 earnings at $1.44 EPS, Q4 2018 earnings at $1.95 EPS, FY2018 earnings at $6.90 EPS, FY2019 earnings at $7.93 EPS and FY2020 earnings at $9.41 EPS.
Visteon Corporation (NYSE:VC) last announced its quarterly earnings results on Thursday, July 27th. The auto parts company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.14. The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $770.96 million. Visteon Corporation had a net margin of 4.35% and a return on equity of 27.56%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. TRADEMARK VIOLATION WARNING: “Q3 2017 Earnings Estimate for Visteon Corporation (VC) Issued By Jefferies Group” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/04/q3-2017-earnings-estimate-for-visteon-corporation-vc-issued-by-jefferies-group.html.
A number of other equities research analysts have also issued reports on VC. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 target price on shares of Visteon Corporation in a research note on Tuesday. Zacks Investment Research raised Visteon Corporation from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research report on Wednesday, September 27th. BMO Capital Markets raised Visteon Corporation from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $104.00 to $115.00 in a research report on Friday, September 22nd. Barclays PLC reissued an “equal weight” rating and issued a $98.00 price target (up from $97.00) on shares of Visteon Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub cut Visteon Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $115.62.
Shares of Visteon Corporation (NYSE:VC) opened at 126.80 on Monday. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 30.65 and a beta of 0.84. The company has a 50 day moving average of $118.02 and a 200-day moving average of $105.72. Visteon Corporation has a one year low of $64.95 and a one year high of $128.15.
In related news, insider Robert R. Vallance sold 1,106 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $121.12, for a total value of $133,958.72. Following the sale, the insider now directly owns 4,086 shares of the company’s stock, valued at $494,896.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sunil K. Bilolikar sold 2,394 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $110.93, for a total transaction of $265,566.42. Following the completion of the sale, the insider now directly owns 300 shares in the company, valued at $33,279. The disclosure for this sale can be found here. Insiders sold 5,371 shares of company stock valued at $616,016 over the last quarter. Insiders own 0.19% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP purchased a new position in Visteon Corporation during the first quarter worth approximately $3,678,000. Comerica Bank acquired a new position in shares of Visteon Corporation in the 1st quarter valued at $232,000. World Asset Management Inc acquired a new position in shares of Visteon Corporation in the 1st quarter valued at $201,000. UBS Asset Management Americas Inc. boosted its holdings in shares of Visteon Corporation by 16.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 30,013 shares of the auto parts company’s stock valued at $2,940,000 after purchasing an additional 4,183 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Visteon Corporation in the 1st quarter valued at $1,142,000.
Visteon Corporation 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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