Visteon (NASDAQ:VC – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.29, Briefing.com reports. The business had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. Visteon had a return on equity of 51.69% and a net margin of 13.79%. Visteon’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.35 earnings per share. Visteon updated its FY 2024 guidance to EPS.
Visteon Stock Performance
Shares of VC stock traded up $5.17 during trading on Thursday, reaching $92.78. 90,947 shares of the company’s stock traded hands, compared to its average volume of 271,222. Visteon has a 1 year low of $86.77 and a 1 year high of $136.40. The company has a market capitalization of $2.56 billion, a P/E ratio of 4.88, a PEG 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 firm’s 50-day moving average is $94.84 and its 200 day moving average is $104.08.
Insider Buying and Selling at Visteon
In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the completion of the transaction, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.
Wall Street Analyst Weigh In
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About Visteon
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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