Visteon Corporation (VC) News
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Below are the latest news stories about Visteon Corp that investors may wish to consider to help them evaluate VC as an investment opportunity.
Goldman Sachs analyst Mark DeLaney upgraded Visteon Corp (NASDAQ: VC) to Buy from Neutral with a price target of $156, up from $119, implying a 29.6% upside. DeLaney believes that company-specific and cyclical factors will contribute to strong revenue and earnings growth. Visteon has good company-specific revenue drivers contributing to its 800-1200 bps growth over auto production sales target, including the increasing use of digital instruments/displays in the vehicle and a growing EV-specific
Visteon (NASDAQ: VC) shares jumped almost 12.7% on February 17, after the company delivered stronger-than-expected fourth-quarter results driven by robust growth due to the transformation of the company's product portfolio. Spun off from the Ford Motor Company in 2000, Visteon Corporation is a global automotive electronics supplier that designs and manufactures vehicle cockpit electronic products and connected car services for a diversified customer base, including all of the major automakers worldwide. Q4 Numbers Q4 adjusted earnings of $1.69 per share grew 59.4% year-over-year. The company reported earnings of $1.06 per share for the prior-year period. Net sales were flat year-over-year at $786 million, but exceeded consensus estimates of $661.89 million.
Visteon to Present at the 2022 Wolfe Research Virtual Global Auto, Auto Tech and Mobility Conference
VAN BUREN TOWNSHIP, Mich., Feb. 18, 2022 (GLOBE NEWSWIRE) -- Visteon Corporation’s (Nasdaq: VC), President and Chief Executive Officer, Sachin Lawande and Senior Vice President and Chief Financial Officer, Jerome Rouquet will participate in a fireside chat during the 2022 Wolfe Research Virtual Global Auto, Auto Tech and Mobility Conference on Wednesday, Feb. 23 at 10:55 a.m. ET. A live audio webcast will be accessible through Visteon’s website at https://investors.visteon.com/events-presentatio
The following slide deck was published by Visteon Corporation in conjunction with their 2021 Q4 earnings call....
Visteon Corp. shares rose 2% premarket Thursday, after the cockpit electronics company blew past estimates for the fourth quarter. The company posted net income of $31 million, or $1.09 a share, for the quarter, up from $18 million, or $1.52 a share, in the year-earlier period. Sales were flat at $786 million compared with $787 million a year ago. The FactSet consensus was for EPS of 8 cents and sales of $661 million. The sales performance was driven by the ramp up of recently launched products and favorable pricing, the Van Buren Township, Michigan-based company said in a statement. The company won $5.1 billion of new business in 2021, after launching 17 new products in the fourth quarter to bring the total to 43 for 2021. "In 2022, we anticipate we will grow sales, expand margins, and...
VAN BUREN TOWNSHIP, Mich., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported fourth quarter and full-year 2021 financial results that exceed its previous outlook. Highlights include:
Visteon Shares Rally As Q4 Earnings, Revenue Beat Estimates
No summary available.
Visteon press release (VC): Q4 Non-GAAP EPS of $1.69 beats by $1.61.Revenue of $786M (-0.1% Y/Y) beats by $124.77M.Guidance 2022: The company anticipates sales in the range of $3.150…
The company said it gained a new global automaker as its third electrification customer.