Vantiv (VNTV) Posts Quarterly Earnings, Beats Expectations By $0.01 EPS
Vantiv (NYSE:VNTV) announced its earnings results on Thursday. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters 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 $305.24 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Vantiv updated its Q1 guidance to $0.36-0.37 EPS and its FY14 guidance to $1.77-1.83 EPS.
Shares of Vantiv (NYSE:VNTV) traded down 2.53% on Thursday, hitting $29.99. 3,407,451 shares of the company’s stock traded hands. Vantiv has a 52-week low of $20.63 and a 52-week 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 $4.260 billion and a price-to-earnings ratio of 36.94.
In other Vantiv news, Director Jeffrey Stiefler unloaded 9,083 shares of the company’s stock on the open market in a transaction dated Friday, February 7th. The shares were sold at an average price of $30.51, for a total value of $277,122.33. Following the transaction, the director now directly owns 107,523 shares in the company, valued at approximately $3,280,527. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on VNTV shares. 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 issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average 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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