Vantiv (VNTV) Releases Quarterly Earnings, Beats Estimates By $0.01 EPS
Vantiv (NYSE:VNTV) released its earnings data on Thursday. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.01, American Banking News.com 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 last year, the company posted $0.38 earnings per share. Vantiv’s revenue was up 13.9% compared to the same quarter last year. Vantiv updated its Q1 guidance to $0.36-0.37 EPS and its FY14 guidance to $1.77-1.83 EPS.
In other Vantiv news, Director Jeffrey Stiefler sold 9,083 shares of Vantiv stock on the open market in a transaction dated Friday, February 7th. The stock was sold at an average price of $30.51, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Vantiv (NYSE:VNTV) traded down 1.69% during mid-day trading on Thursday, hitting $30.25. 1,796,465 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’s 50-day moving average is $31.52 and its 200-day moving average is $28.8. The company has a market cap of $4.297 billion and a price-to-earnings ratio of 36.94.
A number of research firms have recently commented on VNTV. 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 investment analysts have rated the stock with a hold rating, fourteen have assigned 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 price target 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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