Vontier (NYSE:VNT) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Vontier (NYSE:VNT - Get Free Report) announced its earnings results on Thursday. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04, Briefing.com reports. The company had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company's revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS.

Vontier Stock Down 0.3 %

Vontier stock traded down $0.12 during mid-day trading on Friday, hitting $36.96. 1,215,603 shares of the company's stock were exchanged, compared to its average volume of 742,318. Vontier has a 1-year low of $29.99 and a 1-year high of $45.62. The stock has a 50 day moving average of $33.95 and a two-hundred day moving average of $36.92. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 2.10. The stock has a market cap of $5.68 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.63 and a beta of 1.24.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier's payout ratio is presently 3.83%.

Analyst Upgrades and Downgrades

VNT has been the subject of several research analyst reports. Argus downgraded Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Evercore ISI decreased their price target on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Robert W. Baird dropped their price objective on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Finally, Barclays decreased their target price on shares of Vontier from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.25.

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.