Vontier (NYSE:VNT) Releases Earnings Results, Beats Estimates By $0.05 EPS

Vontier (NYSE:VNT) released its earnings results on Thursday. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05, Briefing.com reports. The company had revenue of $755.80 million during the quarter, compared to analyst estimates of $754.50 million. Vontier had a return on equity of 54.84% and a net margin of 14.02%. Vontier’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. Vontier updated its Q2 guidance to $0.67-$0.71 EPS and its FY24 guidance to $3.00-$3.15 EPS.

Vontier Stock Performance

Shares of VNT opened at $39.44 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.08 and a current ratio of 1.57. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. Vontier has a 52-week low of $26.79 and a 52-week high of $45.62. The stock’s 50-day simple moving average is $42.62 and its 200 day simple moving average is $37.16.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. Vontier’s payout ratio is 3.62%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VNT shares. Argus boosted their price objective on Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Evercore ISI boosted their price target on shares of Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. The Goldman Sachs Group raised their price objective on shares of Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Citigroup boosted their target price on shares of Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Bank of America upgraded shares of Vontier from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $40.00 in a research note on Thursday, January 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and an average price target of $45.00.

Vontier Company Profile

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.