Vontier (NYSE:VNT) Issues Earnings Results

Vontier (NYSE:VNT) released its quarterly earnings results on Thursday. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04, Briefing.com reports. Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. During the same period in the prior year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis.

Vontier Stock Performance

NYSE VNT traded down $0.10 during trading hours on Friday, reaching $36.98. The stock had a trading volume of 1,215,602 shares, compared to its average volume of 795,926. 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 2.14, a quick ratio of 1.26 and a current ratio of 1.69. The stock has a market cap of $5.68 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. The stock has a fifty day moving average of $33.91 and a 200 day moving average of $36.98.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were paid a $0.025 dividend. 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 payout ratio is 3.86%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barclays lowered their target price on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Evercore ISI lowered their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Robert W. Baird decreased their price target on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company 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 company presently has a consensus 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.