Vontier (NYSE:VNT) Releases Q4 2024 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.790-0.790 for the period, compared to the consensus estimate of 0.790. The company issued revenue guidance of $770.0 million-$770.0 million, compared to the consensus revenue estimate of $765.5 million. Vontier also updated its FY 2024 guidance to 2.860-2.920 EPS.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VNT. Barclays dropped their price objective on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Evercore ISI cut 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. Finally, Robert W. Baird decreased 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Vontier Price Performance

Shares of NYSE VNT traded down $0.12 during trading on Friday, reaching $36.96. The company had a trading volume of 1,215,603 shares, compared to its average volume of 742,318. Vontier has a 52 week low of $29.99 and a 52 week high of $45.62. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.26 and a current ratio of 1.64. The business’s 50 day moving average price is $33.95 and its 200-day moving average price is $36.95. The stock has a market cap of $5.68 billion, a PE ratio of 14.16, a PEG ratio of 1.63 and a beta of 1.24.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. Analysts expect that Vontier will post 2.88 earnings per share for the current year.

Vontier Dividend Announcement

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

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.