Visteon Corp (VC) Releases Earnings Results, Beats Expectations By $0.55 EPS

Visteon Corp (VC) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.55. Analysts had a consensus of $0.67. The company posted revenue of $773.00 million in the period, compared to analysts expectations of $819.40 million. The company’s revenue was down -4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Visteon Corp. Deutsche Bank Resumed Visteon Corp on Jul 20, 2016 to “Hold”, Price Target of the shares are set at $89.Visteon Corp was Initiated by Raymond James to “Mkt Perform” on Jun 23, 2016. Company shares were Downgraded by Barclays on May 3, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 85 from a previous price target of $83 .

Visteon Corp opened for trading at $68.2 and hit $69.61 on the upside on Thursday, eventually ending the session at $69.31, with a gain of 0.27% or 0.19 points. The heightened volatility saw the trading volume jump to 14,93,380 shares. Company has a market cap of $2,357 M.

In a different news, on Mar 16, 2016, Stephanie S Marianos (Chief Accounting Officer) sold 211 shares at $75.69 per share price. According to the SEC, on Mar 14, 2016, Peter M Ziparo (V.P. & General Counsel) sold 4,475 shares at $74.82 per share price. On Mar 7, 2016, William M Robertson (Vice President) sold 4,117 shares at $72.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Visteon Corporation (Visteon) is a global technology company that designs engineers and manufactures cockpit electronics products and connected car solutions for vehicle manufacturers. The Company manufactures its products for original equipment vehicle manufacturer (OEM) across the world including BMW Chrysler Daimler Ford General Motors Honda Hyundai Kia Nissan PSA Peugeot Citroen Renault Toyota and Volkswagen. The Company operates through the segments including Electronics which provides vehicle cockpit electronics products to customers including audio systems infotainment systems driver information systems connectivity and telematics solutions climate controls and electronic control modules and Other in which it designs and manufactures cockpit modules instrument panels door and console modules and interior trim.

Visteon Corp

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