Vontier (NYSE:VNT – Get Free Report) issued its earnings results on Thursday. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $755.80 million for the quarter, compared to the consensus estimate of $754.50 million. During the same quarter last year, the business posted $0.68 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. Vontier updated its Q2 guidance to $0.67-$0.71 EPS and its FY24 guidance to $3.00-$3.15 EPS.
Vontier Stock Down 2.3 %
NYSE VNT traded down $0.91 during trading hours on Friday, hitting $39.44. The company’s stock had a trading volume of 759,660 shares, compared to its average volume of 615,216. 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’s 50-day simple moving average is $42.62 and its two-hundred day simple moving average is $37.16. Vontier has a 52 week low of $26.79 and a 52 week high of $45.62. The company has a market capitalization of $6.10 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33.
Vontier Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a dividend of $0.025 per share. 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 3.62%.
Wall Street Analysts Forecast Growth
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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.
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