Zacks: Brokerages Anticipate Vantiv, Inc. (VNTV) Will Post Quarterly Sales of $524.42 Million

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.

ILLEGAL ACTIVITY WARNING: This report was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://sportsperspectives.com/2017/07/17/zacks-brokerages-anticipate-vantiv-inc-vntv-will-post-quarterly-sales-of-524-42-million-updated-updated.html.

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.

Get a free copy of the Zacks research report on Vantiv (VNTV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply