Visteon Corporation (VC) To Go Ex-Dividend on November 18th

Visteon Corporation (NASDAQ:VC) declared a quarterly dividend on Friday, October 17th. Shareholders of record on Tuesday, November 18th will be given a dividend of 0.275 per share on Friday, December 5th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 18th.

Visteon has a dividend payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Visteon to earn $8.98 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 12.2%.

Visteon Price Performance

Shares of VC opened at $105.11 on Friday. The stock has a 50 day simple moving average of $115.68 and a 200 day simple moving average of $106.53. Visteon has a 52-week low of $65.10 and a 52-week high of $129.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89. The firm has a market capitalization of $2.87 billion, a PE ratio of 9.44, a P/E/G ratio of 2.52 and a beta of 1.33.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, October 23rd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.07 by $0.08. The firm had revenue of $917.00 million for the quarter, compared to the consensus estimate of $945.41 million. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the company posted $2.26 EPS. Visteon has set its FY 2025 guidance at EPS. Sell-side analysts predict that Visteon will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group cut their price objective on shares of Visteon from $146.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Visteon from $120.00 to $131.00 and gave the company a “buy” rating in a report on Friday, July 25th. Barclays set a $130.00 price objective on Visteon in a report on Monday, October 27th. JPMorgan Chase & Co. boosted their target price on Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Finally, Cfra Research downgraded Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.85.

About Visteon

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.