Vontier (NYSE:VNT) Announces Earnings Results

Vontier (NYSE:VNT) announced its quarterly earnings results on Thursday. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05, Briefing.com reports. Vontier had a net margin of 12.18% and a return on equity of 60.00%. The firm had revenue of $755.80 million for the quarter, compared to analyst estimates of $754.50 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Vontier updated its Q2 guidance to $0.67-$0.71 EPS and its FY24 guidance to $3.00-$3.15 EPS.

Vontier Price Performance

Vontier stock traded down $0.91 on Friday, reaching $39.44. The company’s stock had a trading volume of 759,426 shares, compared to its average volume of 764,975. The business’s fifty day moving average price is $42.69 and its 200 day moving average price is $37.10. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.08 and a current ratio of 1.39. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.19 and a beta of 1.33. Vontier has a twelve month low of $26.79 and a twelve month high of $45.62.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. Vontier’s dividend payout ratio is 4.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VNT. Citigroup lifted their target price on shares of Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Bank of America upgraded Vontier from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $40.00 in a research note on Thursday, January 11th. Argus increased their target price on Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Evercore ISI boosted their price target on Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group increased their price objective on Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Vontier currently has an average rating of “Moderate Buy” and an average target price of $45.00.

About Vontier

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.