Visteon Corporation (NASDAQ:VC) Declares $0.38 Quarterly Dividend

Visteon Corporation (NASDAQ:VC) declared a quarterly dividend on Monday, August 17th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.375 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 1st.

Visteon has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Visteon to earn $10.49 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 14.3%.

Visteon Stock Performance

VC traded down $0.42 during midday trading on Monday, hitting $107.80. 305,798 shares of the company traded hands, compared to its average volume of 583,577. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.88 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.70 and a beta of 1.29. The company’s 50-day moving average is $107.64 and its 200 day moving average is $103.14. Visteon has a 52 week low of $83.49 and a 52 week high of $129.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). Visteon had a return on equity of 14.61% and a net margin of 5.58%.The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. During the same quarter in the prior year, the firm earned $2.39 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. On average, research analysts expect that Visteon will post 8.41 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VC shares. Robert W. Baird restated a “neutral” rating and set a $121.00 price objective on shares of Visteon in a research report on Friday, June 26th. JPMorgan Chase & Co. lifted their target price on shares of Visteon from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Visteon in a research note on Wednesday, July 29th. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $115.00 to $145.00 in a report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.54.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.