Visteon (NASDAQ:VC – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.37, Briefing.com reports. The business had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. Visteon had a return on equity of 51.69% and a net margin of 13.79%. Visteon’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.35 earnings per share. Visteon updated its FY 2024 guidance to EPS.
Visteon Stock Up 5.5 %
VC stock opened at $92.47 on Friday. Visteon has a 1-year low of $86.77 and a 1-year high of $136.40. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 4.78, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $94.58 and its 200 day moving average is $103.89.
Insider Buying and Selling at Visteon
In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the transaction, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
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Visteon Company Profile
Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.
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