Vantiv (VNTV) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Vantiv (NYSE:VNTV) issued its quarterly earnings data on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01, ARN reports. The company had revenue of $309.00 million for the quarter, compared to the consensus estimate of $305.05 million.
Shares of Vantiv (NYSE:VNTV) opened at 30.77 on Thursday. Vantiv has a one year low of $20.63 and a one 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 $4.371 billion and a price-to-earnings ratio of 37.01.
In other Vantiv news, Director Jeffrey Stiefler unloaded 9,083 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $30.51, for a total transaction of $277,122.33. Following the completion of the transaction, the director now directly owns 107,523 shares in the company, valued at approximately $3,280,527. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
VNTV has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Vantiv presently has an average rating of “Buy” and a consensus target price of $31.70.
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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