Equities research analysts predict that Visteon Co. (NASDAQ:VC) will announce $778.56 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Visteon’s earnings. The highest sales estimate is $789.64 million and the lowest is $759.00 million. Visteon posted sales of $744.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The business is expected to report its next quarterly earnings results on Thursday, February 18th.
On average, analysts expect that Visteon will report full year sales of $2.53 billion for the current fiscal year, with estimates ranging from $2.51 billion to $2.55 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.11 billion, with estimates ranging from $3.00 billion to $3.20 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Visteon.
Several brokerages recently issued reports on VC. Morgan Stanley raised their target price on shares of Visteon from $28.00 to $65.00 and gave the stock an “underweight” rating in a report on Monday, November 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Visteon from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. The Goldman Sachs Group upgraded shares of Visteon from a “sell” rating to a “neutral” rating and increased their price target for the stock from $76.00 to $90.00 in a research report on Wednesday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Visteon from $65.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Finally, Robert W. Baird increased their price target on shares of Visteon from $105.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Visteon has an average rating of “Hold” and a consensus target price of $95.17.
Visteon Company Profile
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.
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