Vantiv, Inc. (VNTV) Expected to Announce Earnings of $0.89 Per Share

Wall Street brokerages predict that Vantiv, Inc. (NYSE:VNTV) will post earnings per share (EPS) of $0.89 for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Vantiv’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.92. Vantiv reported earnings per share of $0.71 in the same quarter last year, which suggests a positive year over year growth rate of 25.4%. The company is expected to issue its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that Vantiv will report full year earnings of $3.34 per share for the current year, with EPS estimates ranging from $3.24 to $3.41. For the next financial year, analysts anticipate that the firm will post earnings of $3.80 per share, with EPS estimates ranging from $3.61 to $3.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Vantiv.

Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The company had revenue of $530.00 million during the quarter, compared to the consensus estimate of $525.12 million. During the same period in the previous year, the company posted $0.70 earnings per share. Vantiv’s revenue for the quarter was up 10.3% on a year-over-year basis.

Several research analysts have weighed in on VNTV shares. Stifel Nicolaus upgraded Vantiv from a “hold” rating to a “buy” rating and lifted their target price for the company from $63.00 to $85.00 in a research note on Thursday, August 10th. Instinet reiterated a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Vantiv in a research note on Monday, August 14th. Oppenheimer Holdings, Inc. lifted their target price on Vantiv from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. Bank of America Corporation started coverage on Vantiv in a research note on Tuesday. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research downgraded Vantiv from a “buy” rating to a “hold” rating in a research note on Saturday, May 27th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $74.54.

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Vantiv (NYSE VNTV) opened at 72.48 on Wednesday. The firm has a market capitalization of $11.69 billion, a P/E ratio of 61.27 and a beta of 0.59. The firm has a 50-day moving average price of $68.82 and a 200-day moving average price of $64.64. Vantiv has a one year low of $52.85 and a one year high of $72.91.

A number of hedge funds have recently modified their holdings of VNTV. Capstone Asset Management Co. raised its holdings in Vantiv by 15.4% during the first quarter. Capstone Asset Management Co. now owns 4,489 shares of the business services provider’s stock worth $288,000 after purchasing an additional 600 shares during the last quarter. ProShare Advisors LLC raised its holdings in Vantiv by 13.9% during the first quarter. ProShare Advisors LLC now owns 3,908 shares of the business services provider’s stock worth $251,000 after purchasing an additional 476 shares during the last quarter. IFP Advisors Inc raised its holdings in Vantiv by 123.0% during the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,060 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Vantiv by 10.1% during the first quarter. Daiwa Securities Group Inc. now owns 4,350 shares of the business services provider’s stock worth $279,000 after purchasing an additional 400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vantiv by 2.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,250 shares of the business services provider’s stock worth $2,517,000 after purchasing an additional 1,014 shares during the last quarter. 80.47% of the stock is owned by hedge funds and other institutional investors.

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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