Visteon Corporation (VC) to Issue Quarterly Dividend of $0.38 on March 16th

Visteon Corporation (NASDAQ:VC) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.375 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, March 2nd. This is a 36.4% increase from Visteon’s previous quarterly dividend of $0.28.

Visteon has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Visteon to earn $8.98 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 16.7%.

Visteon Stock Down 3.1%

VC stock traded down $3.06 on Friday, hitting $95.67. 658,813 shares of the company’s stock were exchanged, compared to its average volume of 694,664. Visteon has a 12-month low of $65.10 and a 12-month high of $129.10. The firm has a 50 day moving average price of $97.51 and a two-hundred day moving average price of $107.91. The stock has a market cap of $2.57 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.19 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.80.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.88. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The firm had revenue of $948.00 million for the quarter, compared to the consensus estimate of $920.25 million. During the same quarter in the previous year, the business earned $4.44 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that Visteon will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VC has been the topic of several research reports. Wolfe Research cut shares of Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. UBS Group reduced their target price on shares of Visteon from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Wells Fargo & Company decreased their price target on shares of Visteon from $148.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Royal Bank Of Canada cut their price objective on Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, Morgan Stanley upped their price target on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Visteon has a consensus rating of “Moderate Buy” and an average price target of $122.15.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.