Vantiv (VNTV) Posts Quarterly Earnings, Misses Estimates By $0.01 EPS
Vantiv (NYSE:VNTV) issued its quarterly earnings data on Thursday. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.01, AmericanBankingNews.com reports. The company had revenue of $294.20 million for the quarter, compared to the consensus estimate of $299.56 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Vantiv updated its Q4 guidance to $0.43-0.45 EPS and its FY13 guidance to $1.54-1.56 EPS.
VNTV has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Vantiv in a research note to investors on Wednesday, October 16th. They now have a $32.00 price target on the stock, up previously from $29.00. On a related note, analysts at Oppenheimer initiated coverage on shares of Vantiv in a research note to investors on Thursday, October 10th. They set an “outperform” rating and a $32.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “buy” rating on shares of Vantiv in a research note to investors on Wednesday, September 18th. They now have a $27.00 price target on the stock. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $31.12.
Vantiv (NYSE:VNTV) traded down 5.76% during mid-day trading on Thursday, hitting $26.82. The stock had a trading volume of 4,367,357 shares. Vantiv has a 1-year low of $18.85 and a 1-year high of $28.70. The stock’s 50-day moving average is $27.1 and its 200-day moving average is $25.34. The company has a market cap of $3.672 billion and a price-to-earnings ratio of 34.50.
Vantiv, Inc, formerly Advent-Kong Blocker Corp. is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (NYSE:VNTV) and Transactive Ecommerce Solutions Inc (Transactive).
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