Vontier (NYSE:VNT) Releases FY 2024 Earnings Guidance

Vontier (NYSE:VNT) updated its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.860-2.920 for the period, compared to the consensus estimate of 2.850. The company issued revenue guidance of $3.0 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion. Vontier also updated its Q4 guidance to $0.79 EPS.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays decreased their price objective on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Evercore ISI decreased their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Robert W. Baird decreased their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Vontier currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Vontier Stock Performance

Shares of NYSE VNT traded down $0.12 during midday trading on Friday, reaching $36.96. The company’s stock had a trading volume of 1,215,603 shares, compared to its average volume of 742,318. Vontier has a 12-month low of $29.99 and a 12-month high of $45.62. The firm has a 50 day moving average price of $33.95 and a 200-day moving average price of $36.95. The stock has a market capitalization of $5.68 billion, a P/E ratio of 14.16, a PEG ratio of 1.63 and a beta of 1.24. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.26.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts predict that Vontier will post 2.88 earnings per share for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.27%. Vontier’s payout ratio is 3.83%.

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.