Equities research analysts forecast that Vantiv, Inc. (NYSE:VNTV) will report sales of $524.42 million for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for Vantiv’s earnings, with the lowest sales estimate coming in at $521.60 million and the highest estimate coming in at $528.69 million. Vantiv reported sales of $480.48 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The firm is scheduled to announce its next earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Vantiv will report full-year sales of $524.42 million for the current fiscal year, with estimates ranging from $2.08 billion to $2.14 billion. For the next financial year, analysts anticipate that the company will report sales of $2.31 billion per share, with estimates ranging from $2.26 billion to $2.41 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Vantiv.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $470.10 million for the quarter, compared to the consensus estimate of $470.09 million. Vantiv had a net margin of 5.49% and a return on equity of 34.17%. Vantiv’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS.
Several equities analysts have issued reports on the stock. Mizuho assumed coverage on shares of Vantiv in a report on Tuesday. They set a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Vantiv from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Keefe, Bruyette & Woods raised shares of Vantiv from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a report on Thursday, June 22nd. Robert W. Baird reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Vantiv in a report on Tuesday, June 20th. Finally, BidaskClub raised shares of Vantiv from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Vantiv has an average rating of “Buy” and a consensus price target of $66.65.
Shares of Vantiv (NYSE:VNTV) traded up 0.03% during mid-day trading on Friday, reaching $62.38. 1,309,270 shares of the company’s stock were exchanged. The company’s 50 day moving average is $62.42 and its 200 day moving average is $62.57. The stock has a market capitalization of $10.04 billion, a PE ratio of 50.67 and a beta of 0.62. Vantiv has a 1-year low of $50.98 and a 1-year high of $66.24.
In related news, insider Matt Taylor sold 11,622 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $63.14, for a total transaction of $733,813.08. Following the completion of the sale, the insider now directly 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 available through the SEC website. Also, COO Mark L. Heimbouch sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $63.68, for a total transaction of $955,200.00. Following the sale, the chief operating officer now owns 151,273 shares of the company’s stock, valued at $9,633,064.64. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the company. Security Asset Management boosted its stake in Vantiv by 0.5% in the fourth quarter. Security Asset Management now owns 23,974 shares of the business services provider’s stock valued at $1,429,000 after buying an additional 121 shares during the last quarter. Norges Bank purchased a new stake in Vantiv during the fourth quarter valued at about $92,157,000. Thrivent Financial for Lutherans boosted its stake in Vantiv by 3.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 104,770 shares of the business services provider’s stock valued at $6,246,000 after buying an additional 3,670 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Vantiv during the fourth quarter valued at about $835,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Vantiv by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,791 shares of the business services provider’s stock valued at $110,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.
Vantiv Company Profile
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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