Vontier (NYSE:VNT) Issues Earnings Results

Vontier (NYSE:VNT) issued its earnings results on Thursday. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08), Briefing.com reports. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The company had revenue of $696.40 million for the quarter, compared to analyst estimates of $746.43 million. During the same period last year, the business earned $0.67 EPS. The company’s quarterly revenue was down 8.9% on a year-over-year basis.

Vontier Stock Performance

VNT stock traded down $2.23 during midday trading on Friday, hitting $33.02. 1,578,377 shares of the company traded hands, compared to its average volume of 753,261. Vontier has a twelve month low of $28.84 and a twelve month high of $45.62. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21. The business has a 50 day simple moving average of $39.02 and a 200-day simple moving average of $39.94.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Robert W. Baird lowered their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday. Citigroup boosted their price target on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.63.

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.