Vontier (NYSE:VNT) Updates FY 2024 Earnings Guidance

Vontier (NYSE:VNT) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.860-2.920 for the period, compared to the consensus estimate of 2.850. The company issued revenue guidance of $3.0 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion. Vontier also updated its Q4 guidance to $0.79 EPS.

Analysts Set New Price Targets

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

Vontier Price Performance

Shares of NYSE VNT opened at $36.96 on Friday. The business has a 50 day simple moving average of $33.95 and a 200-day simple moving average of $36.92. Vontier has a twelve month low of $29.99 and a twelve month high of $45.62. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 2.10.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. During the same period in the prior year, the company earned $0.73 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts expect that Vontier will post 2.88 earnings per share for the current year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.025 per share. 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 dividend payout ratio (DPR) is presently 3.83%.

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.