Vontier (NYSE:VNT) Releases FY24 Earnings Guidance

Vontier (NYSE:VNT) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.00-$3.15 for the period, compared to the consensus estimate of $3.11. The company issued revenue guidance of $3.04-$3.10 billion, compared to the consensus revenue estimate of $3.10 billion. Vontier also updated its Q2 guidance to $0.67-$0.71 EPS.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Argus lifted their price objective on shares of Vontier from $39.00 to $50.00 and gave the stock a buy rating in a research note on Monday, March 18th. UBS Group boosted their target price on shares of Vontier from $42.00 to $46.00 and gave the company a buy rating in a research report on Friday, February 16th. Evercore ISI boosted their target price on shares of Vontier from $40.00 to $47.00 and gave the company an outperform rating in a research report on Tuesday, February 20th. Bank of America upgraded shares of Vontier from a neutral rating to a buy rating and boosted their target price for the company from $37.00 to $40.00 in a research report on Thursday, January 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Vontier from $37.00 to $41.00 and gave the company a neutral rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $45.00.

Vontier Stock Performance

VNT traded down $0.91 on Friday, reaching $39.44. The stock had a trading volume of 759,660 shares, compared to its average volume of 615,216. 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 business’s 50-day moving average price is $42.62 and its two-hundred day moving average price is $37.16. The company has a market cap of $6.10 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $755.80 million during the quarter, compared to analysts’ expectations of $754.50 million. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Sell-side analysts forecast that Vontier will post 3.15 earnings per share for the current year.

Vontier Announces Dividend

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

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.