Vontier (NYSE:VNT) Announces Earnings Results

Vontier (NYSE:VNT) posted its earnings results on Thursday. The company reported $0.73 earnings per share (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 for the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the prior year, the business earned $0.73 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year.

Vontier Price Performance

Shares of VNT traded down $0.10 during mid-day trading on Friday, reaching $36.98. The stock had a trading volume of 1,215,602 shares, compared to its average volume of 795,926. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.50 and a beta of 1.27. Vontier has a 12 month low of $29.99 and a 12 month high of $45.62. The business has a fifty day moving average of $33.91 and a 200 day moving average of $36.98. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier’s payout ratio is 3.86%.

Analyst Ratings Changes

A number of brokerages recently weighed in on VNT. Barclays lowered their price objective on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Evercore ISI dropped their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Argus cut Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Robert W. Baird dropped their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

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.