Vontier (NYSE:VNT) Announces Quarterly Earnings Results

Vontier (NYSE:VNT) posted its quarterly earnings data on Thursday. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05, Briefing.com reports. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The business had revenue of $755.80 million for the quarter, compared to analysts’ expectations of $754.50 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. Vontier updated its Q2 guidance to $0.67-$0.71 EPS and its FY24 guidance to $3.00-$3.15 EPS.

Vontier Price Performance

Shares of VNT traded down $0.91 during midday trading on Friday, reaching $39.44. The stock had a trading volume of 759,660 shares, compared to its average volume of 615,216. The company’s 50-day moving average is $42.62 and its 200 day moving average is $37.16. Vontier has a 12-month low of $26.79 and a 12-month high of $45.62. The company has a current ratio of 1.57, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33.

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 payout ratio is currently 3.62%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VNT shares. Citigroup boosted their price objective on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research note 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. Bank of America upgraded Vontier from a “neutral” rating to a “buy” rating and upped their target price for the stock from $37.00 to $40.00 in a research note on Thursday, January 11th. 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vontier presently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

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.