Vontier (NYSE:VNT) Releases Q4 2024 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.790-0.790 for the period, compared to the consensus earnings per share estimate of 0.790. The company issued revenue guidance of $770.0 million-$770.0 million, compared to the consensus revenue estimate of $765.5 million. Vontier also updated its FY 2024 guidance to 2.860-2.920 EPS.

Vontier Stock Up 0.4 %

Shares of VNT opened at $34.08 on Thursday. The stock’s 50-day moving average price is $33.85 and its two-hundred day moving average price is $36.98. Vontier has a 12 month low of $29.16 and a 12 month high of $45.62. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $5.24 billion, a PE ratio of 12.35, a PEG ratio of 1.50 and a beta of 1.27.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Vontier had a return on equity of 49.17% and a net margin of 13.43%. The company had revenue of $696.40 million during the quarter, compared to the consensus estimate of $746.43 million. During the same period in the previous year, the business earned $0.67 earnings per share. Vontier’s revenue was down 8.9% on a year-over-year basis. On average, analysts anticipate that Vontier will post 2.88 EPS for the current year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.29%. Vontier’s payout ratio is 3.62%.

Wall Street Analysts Forecast Growth

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

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.