Vontier (NYSE:VNT) Updates Q2 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.67-$0.71 for the period, compared to the consensus earnings per share estimate of $0.74. The company issued revenue guidance of $735-$750 million, compared to the consensus revenue estimate of $763.75 million. Vontier also updated its FY24 guidance to $3.00-$3.15 EPS.

Vontier Stock Down 2.3 %

NYSE VNT traded down $0.91 during trading on Friday, hitting $39.44. The company’s stock had a trading volume of 759,660 shares, compared to its average volume of 615,216. The business’s 50 day simple moving average is $42.62 and its 200-day simple moving average is $37.16. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.57 and a quick ratio of 1.08. The company has a market cap of $6.10 billion, a PE ratio of 14.29, a P/E/G ratio of 1.15 and a beta of 1.33. Vontier has a fifty-two week low of $26.79 and a fifty-two week high of $45.62.

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

Vontier Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on VNT. Citigroup increased their price objective on Vontier from $45.00 to $51.00 and gave the company a buy rating in a report on Monday, April 8th. The Goldman Sachs Group upped their target price on Vontier from $37.00 to $41.00 and gave the stock a neutral rating in a research note on Tuesday, February 20th. Argus upped their target price on Vontier from $39.00 to $50.00 and gave the stock a buy rating in a research note on Monday, March 18th. Evercore ISI upped their target price on Vontier from $40.00 to $47.00 and gave the stock an outperform rating in a research note on Tuesday, February 20th. Finally, UBS Group upped their target price on Vontier from $42.00 to $46.00 and gave the stock a buy rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target 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.