Vontier (NYSE:VNT) Releases Q4 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.79 for the period, compared to the consensus estimate of $0.79. The company issued revenue guidance of $770 million, compared to the consensus revenue estimate of $764.09 million. Vontier also updated its FY 2024 guidance to 2.860-2.920 EPS.

Vontier Price Performance

Vontier stock traded down $0.12 during midday trading on Friday, reaching $36.96. The company’s stock had a trading volume of 1,215,603 shares, compared to its average volume of 742,318. Vontier has a fifty-two week low of $29.99 and a fifty-two week high of $45.62. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.26 and a current ratio of 1.64. The stock’s 50 day simple moving average is $33.95 and its 200 day simple moving average is $36.92. The firm has a market capitalization of $5.68 billion, a PE ratio of 14.16, a P/E/G ratio of 1.63 and a beta of 1.24.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. The business had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 EPS. On average, equities research analysts forecast that Vontier will post 2.88 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier’s dividend payout ratio (DPR) is 3.83%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VNT. Argus cut Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Evercore ISI reduced their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Barclays cut their target price on Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Robert W. Baird dropped their price target on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

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.