Vontier (NYSE:VNT) Releases Q2 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.67-$0.71 for the period, compared to the consensus estimate of $0.74. The company issued revenue guidance of $735-$750 million, compared to the consensus revenue estimate of $763.75 million. Vontier also updated its FY24 guidance to $3.00-$3.15 EPS.

Vontier Price Performance

NYSE VNT traded down $0.91 during trading on Friday, reaching $39.44. 759,660 shares of the company traded hands, compared to its average volume of 615,216. 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’s 50 day moving average price is $42.62 and its two-hundred day moving average price is $37.16. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 1.15 and a beta of 1.33. Vontier has a 1-year low of $26.79 and a 1-year high of $45.62.

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

Vontier Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VNT. UBS Group lifted their target price on shares of Vontier from $42.00 to $46.00 and gave the company a buy rating in a research note on Friday, February 16th. The Goldman Sachs Group lifted their target price on shares of Vontier from $37.00 to $41.00 and gave the stock a neutral rating in a report on Tuesday, February 20th. Bank of America raised shares of Vontier from a neutral rating to a buy rating and lifted their target price for the stock from $37.00 to $40.00 in a report on Thursday, January 11th. Citigroup lifted their target price on shares of Vontier from $45.00 to $51.00 and gave the stock a buy rating in a report on Monday, April 8th. Finally, Evercore ISI lifted their target price on shares of Vontier from $40.00 to $47.00 and gave the stock an outperform rating in a report on Tuesday, February 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Vontier has a consensus rating of Moderate Buy and a consensus price target 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.