Vantiv Inc (VNTV) Updates FY14 Earnings Guidance
Vantiv Inc (NYSE:VNTV) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $1.77-1.83 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.85, AnalystRatingsNetwork reports. The company issued revenue guidance of $1.255-1.285 billion, compared to the consensus revenue estimate of $1.28 billion.Vantiv also updated its Q1 guidance to $0.36-0.37 EPS.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Vantiv from $32.00 to $36.00 in a research note on Tuesday, January 21st. They now have an equal weight rating on the stock. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $31.70.
Vantiv Inc (NYSE:VNTV) traded down 2.18% on Thursday, hitting $30.10. 2,098,483 shares of the company’s stock traded hands. Vantiv Inc has a 1-year low of $20.63 and a 1-year high of $34.42. The stock has a 50-day moving average of $31.52 and a 200-day moving average of $28.8. The company has a market cap of $4.276 billion and a P/E ratio of 36.94.
Vantiv (NYSE:VNTV) last announced its earnings results on Thursday, February 13th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.01. The company had revenue of $309.00 million for the quarter, compared to the consensus estimate of $305.24 million. During the same quarter last year, the company posted $0.38 earnings per share. Vantiv’s revenue was up 13.9% compared to the same quarter last year. Analysts expect that Vantiv Inc will post $1.55 EPS for the current fiscal year.
In other Vantiv news, Director Jeffrey Stiefler sold 9,083 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $30.51, for a total value of $277,122.33. Following the completion of the sale, the director now directly owns 107,523 shares in the company, valued at approximately $3,280,527. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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