Revenue Update on Visteon Corp(NYSE:VC)

Visteon Corp(NYSE:VC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $773.00M. Analysts estimated a revenue of $822.63M. Earnings per share were $1.22. Analysts had estimated an EPS of $0.67.

In a different note, Deutsche Bank said it Initiates Coverage on Visteon Corp, according to a research note issued on Jul 20, 2016. The shares have been rated ‘Hold’ by the firm. Raymond James said it Initiates Coverage on Visteon Corp, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Market Perform’ by the firm. On May 18, 2016, Tigress Financial said it Downgrades its rating on Visteon Corp. The shares have been rated ‘Neutral’ by the firm. On May 3, 2016, Barclays said it Downgrades its rating on Visteon Corp. In the research note, the firm Raises the price-target to $83.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Visteon Corp (VC) made into the market gainers list on Thursdays trading session with the shares advancing 1.20% or 0.84 points. Due to strong positive momentum, the stock ended at $70.6, which is also near the day’s high of $70.99. The stock began the session at $69.72 and the volume stood at 8,62,178 shares. The 52-week high of the shares is $121.65 and the 52 week low is $58.8301. The company has a current market capitalization of $2,401 M and it has 3,40,12,831 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Stephanie S Marianos (Chief Accounting Officer) sold 211 shares at $75.69 per share price.Also, On Mar 14, 2016, Peter M Ziparo (V.P. & General Counsel) sold 4,475 shares at $74.82 per share price.On Mar 7, 2016, William M Robertson (Vice President) sold 4,117 shares at $72.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Visteon Corporation (Visteon) is a global technology company that designs engineers and manufactures cockpit electronics products and connected car solutions for vehicle manufacturers. The Company manufactures its products for original equipment vehicle manufacturer (OEM) across the world including BMW Chrysler Daimler Ford General Motors Honda Hyundai Kia Nissan PSA Peugeot Citroen Renault Toyota and Volkswagen. The Company operates through the segments including Electronics which provides vehicle cockpit electronics products to customers including audio systems infotainment systems driver information systems connectivity and telematics solutions climate controls and electronic control modules and Other in which it designs and manufactures cockpit modules instrument panels door and console modules and interior trim.

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