Vontier (NYSE:VNT) Issues Q2 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.67-$0.71 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

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

Vontier Price Performance

VNT traded down $0.91 during trading on Friday, hitting $39.44. 759,660 shares of the stock traded hands, compared to its average volume of 615,216. The business has a 50 day moving average price of $42.62 and a 200 day moving average price of $37.16. Vontier has a twelve month low of $26.79 and a twelve month high of $45.62. 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 price-to-earnings ratio of 14.29, a PEG ratio of 1.15 and a beta of 1.33.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The company had revenue of $755.80 million during the quarter, compared to the consensus estimate of $754.50 million. During the same period last year, the company earned $0.68 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Vontier will post 3.15 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier’s payout ratio is 3.62%.

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.