Analysts expect Visteon Corp (NYSE:VC) to announce $717.72 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Visteon’s earnings, with the highest sales estimate coming in at $736.00 million and the lowest estimate coming in at $697.40 million. Visteon reported sales of $797.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 9.9%. The company is scheduled to report its next earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Visteon will report full year sales of $2.97 billion for the current fiscal year, with estimates ranging from $2.95 billion to $2.99 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.00 billion, with estimates ranging from $2.90 billion to $3.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Visteon.

Visteon (NYSE:VC) last announced its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.03). The company had revenue of $681.00 million for the quarter, compared to analyst estimates of $727.48 million.

Several equities analysts recently weighed in on the stock. Morgan Stanley set a $70.00 price objective on shares of Visteon and gave the company a “sell” rating in a report on Wednesday. TheStreet lowered shares of Visteon from a “b-” rating to a “c” rating in a report on Thursday, October 25th. Wells Fargo & Co cut their target price on shares of Visteon from $86.00 to $73.00 and set a “market perform” rating on the stock in a report on Friday, October 26th. Consumer Edge assumed coverage on shares of Visteon in a report on Thursday, October 4th. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, Wolfe Research assumed coverage on shares of Visteon in a report on Tuesday, October 2nd. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $132.35.

NYSE VC traded down $0.51 during trading hours on Tuesday, hitting $78.77. The company’s stock had a trading volume of 487,990 shares, compared to its average volume of 504,966. Visteon has a twelve month low of $67.27 and a twelve month high of $140.64.

In other news, Director Harry James Wilson bought 5,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were bought at an average cost of $76.95 per share, for a total transaction of $384,750.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $153,900. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi M. Bergman acquired 1,000 shares of the stock in a transaction dated Monday, November 12th. The shares were bought at an average cost of $78.01 per share, with a total value of $78,010.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 7,000 shares of company stock worth $540,130. Company insiders own 0.19% of the company’s stock.

Several hedge funds have recently modified their holdings of VC. Point72 Hong Kong Ltd bought a new stake in shares of Visteon during the third quarter worth $110,000. James Investment Research Inc. bought a new stake in shares of Visteon during the second quarter worth $147,000. BNP Paribas Arbitrage SA increased its position in shares of Visteon by 189.9% during the second quarter. BNP Paribas Arbitrage SA now owns 1,464 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 959 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Visteon by 81.8% during the third quarter. Glenmede Trust Co. NA now owns 2,045 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 920 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in shares of Visteon by 92.9% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,640 shares of the auto parts company’s stock worth $212,000 after acquiring an additional 790 shares in the last quarter.

About Visteon

Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.

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Earnings History and Estimates for Visteon (NYSE:VC)

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