Analysts expect that Visteon Corp (NYSE:VC) will report $401.85 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Visteon’s earnings. The lowest sales estimate is $367.64 million and the highest is $425.00 million. Visteon posted sales of $733.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 45.2%. The firm is scheduled to issue its next earnings results on Thursday, July 23rd.
On average, analysts expect that Visteon will report full-year sales of $2.48 billion for the current fiscal year, with estimates ranging from $2.40 billion to $2.55 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.11 billion, with estimates ranging from $2.76 billion to $3.35 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Visteon.
Visteon (NYSE:VC) last posted its quarterly earnings data on Thursday, April 30th. The auto parts company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.43. The firm had revenue of $643.00 million for the quarter, compared to analyst estimates of $612.40 million. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS.
Shares of NYSE:VC traded up $3.07 during midday trading on Tuesday, hitting $70.11. The stock had a trading volume of 306,403 shares, compared to its average volume of 392,472. Visteon has a 12 month low of $38.69 and a 12 month high of $105.99. The business’s 50-day simple moving average is $71.49 and its 200-day simple moving average is $70.05.
A number of institutional investors have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc bought a new position in shares of Visteon in the fourth quarter worth approximately $52,000. Point72 Hong Kong Ltd purchased a new position in shares of Visteon in the fourth quarter valued at about $66,000. Nisa Investment Advisors LLC purchased a new position in shares of Visteon in the first quarter valued at about $76,000. Macquarie Group Ltd. bought a new position in shares of Visteon during the fourth quarter valued at about $78,000. Finally, US Bancorp DE boosted its holdings in shares of Visteon by 15.6% during the first quarter. US Bancorp DE now owns 1,812 shares of the auto parts company’s stock worth $87,000 after purchasing an additional 245 shares during the period.
Visteon Corporation engineers, designs, and manufactures cockpit electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities; and audio and infotainment systems that allows vehicle occupants to connect their mobile devices to the system and safely access phone functions, listen to music, stream media, and enable mobile connectivity applications.
Read More: Learning About the VIX – Volatility Index
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.