Vontier (NYSE:VNT) Updates FY24 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.00-$3.15 for the period, compared to the consensus earnings per share estimate of $3.11. The company issued revenue guidance of $3.04-$3.10 billion, compared to the consensus revenue estimate of $3.10 billion. Vontier also updated its Q2 guidance to $0.67-$0.71 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VNT shares. Bank of America raised shares of Vontier from a neutral rating to a buy rating and upped their price objective for the stock from $37.00 to $40.00 in a report on Thursday, January 11th. Evercore ISI raised their price objective on shares of Vontier from $40.00 to $47.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. UBS Group upped their target price on Vontier from $42.00 to $46.00 and gave the stock a buy rating in a research report on Friday, February 16th. The Goldman Sachs Group boosted 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. Finally, Argus raised their target price on Vontier from $39.00 to $50.00 and gave the company a buy rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $45.00.

Vontier Trading Down 2.3 %

NYSE VNT traded down $0.91 on Friday, hitting $39.44. 759,660 shares of the company were exchanged, compared to its average volume of 615,216. Vontier has a twelve month low of $26.79 and a twelve month high of $45.62. The company’s 50 day moving average price is $42.62 and its 200-day moving average price is $37.16. The firm has a market capitalization of $6.10 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.57 and a quick ratio of 1.08.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $755.80 million for the quarter, compared to analyst estimates of $754.50 million. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. Analysts predict that Vontier will post 3.15 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Wednesday, March 6th. Vontier’s dividend payout ratio (DPR) is 3.62%.

Vontier Company Profile

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.