Vantiv (VNTV) Releases Quarterly Earnings, Misses Estimates By $0.01 EPS
Vantiv (NYSE:VNTV) released its earnings data on Thursday. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.01, American Banking & Market News 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 last year, the company posted $0.32 earnings per share. Vantiv’s revenue was up 13.8% compared to the same quarter last year. Vantiv updated its Q4 guidance to $0.43-0.45 EPS and its FY13 guidance to $1.54-1.56 EPS.
Vantiv (NYSE:VNTV) traded down 5.94% on Thursday, hitting $26.77. 4,360,335 shares of the company’s stock traded hands. Vantiv has a 52 week low of $18.85 and a 52 week high of $28.70. The stock has a 50-day moving average of $27.1 and a 200-day moving average of $25.34. The company has a market cap of $3.665 billion and a price-to-earnings ratio of 34.50.
Several analysts have recently commented on the stock. 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 the ratings front, 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 investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Vantiv has an average rating of “Buy” and an average target price of $31.12.
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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