Vontier (NYSE:VNT) Releases Q4 Earnings Guidance

Vontier (NYSE:VNT - Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.79 for the period, compared to the consensus earnings per share estimate of $0.79. The company issued revenue guidance of $770 million, compared to the consensus revenue estimate of $764.09 million. Vontier also updated its FY 2024 guidance to 2.860-2.920 EPS.

Vontier Price Performance

VNT stock traded up $3.00 during trading on Thursday, hitting $37.08. 1,674,793 shares of the stock traded hands, compared to its average volume of 793,938. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 1.50 and a beta of 1.27. Vontier has a one year low of $29.16 and a one year high of $45.62. The company has a 50 day simple moving average of $33.85 and a 200 day simple moving average of $36.98. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.08). Vontier had a return on equity of 49.17% and a net margin of 13.43%. The business had revenue of $696.40 million during the quarter, compared to analyst estimates of $746.43 million. During the same period in the prior year, the firm posted $0.67 EPS. Vontier's revenue for the quarter was down 8.9% compared to the same quarter last year. Equities analysts expect that Vontier will post 2.88 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.27%. Vontier's dividend payout ratio (DPR) is 3.62%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Argus downgraded shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Barclays reduced their price objective on Vontier from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Monday, August 5th. Evercore ISI lowered their target price on Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Finally, Robert W. Baird cut their price target on Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $44.25.

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.