Vantiv, Inc. (VNTV) Issues Q3 Earnings Guidance

Vantiv, Inc. (NYSE:VNTV) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.88-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.86. The company issued revenue guidance of $544-554 million, compared to the consensus revenue estimate of $547.06 million.Vantiv also updated its FY17 guidance to $3.31-3.36 EPS.

Shares of Vantiv, Inc. (NYSE VNTV) opened at 72.28 on Friday. Vantiv, Inc. has a one year low of $52.50 and a one year high of $72.59. The company has a 50-day moving average of $65.12 and a 200-day moving average of $63.82. The company has a market capitalization of $11.66 billion, a PE ratio of 61.10 and a beta of 0.61.

Vantiv (NYSE:VNTV) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The company had revenue of $530 million during the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 earnings per share. On average, analysts anticipate that Vantiv, Inc. will post $3.35 earnings per share for the current year.

VNTV has been the subject of several research reports. KeyCorp lowered shares of Vantiv to a hold rating in a research report on Monday, June 12th. Royal Bank Of Canada restated a buy rating and set a $73.00 price target on shares of Vantiv in a research report on Tuesday, May 30th. Stifel Nicolaus reduced their price target on shares of Vantiv from $66.00 to $64.00 and set a hold rating for the company in a research report on Thursday, July 6th. Deutsche Bank AG restated a buy rating and set a $72.00 price target (up previously from $67.00) on shares of Vantiv in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Vantiv from a hold rating to a buy rating and set a $78.00 price target for the company in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $72.04.

In related news, insider Matt Taylor sold 11,622 shares of Vantiv stock in a transaction on Friday, June 9th. The shares were sold at an average price of $63.14, for a total value of $733,813.08. Following the sale, the insider now owns 64,269 shares in the company, valued at $4,057,944.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.27% of the stock is currently owned by company insiders.

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About Vantiv

Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.

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