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 $1.85-1.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.87, AR Network reports. The company issued revenue guidance of $1.39-1.41 billion, compared to the consensus revenue estimate of $1.35 billion.Vantiv also updated its Q3 guidance to $0.47-0.49 EPS.
A number of research firms have recently commented on VNTV. Analysts at Oppenheimer raised their price target on shares of Vantiv from $35.00 to $40.00 in a research note on Thursday, July 24th. They now have an outperform rating on the stock. On a related note, analysts at BMO Capital Markets initiated coverage on shares of Vantiv in a research note on Wednesday, July 16th. They set a market perform rating and a $38.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Vantiv from a neutral rating to an outperform rating in a research note on Wednesday, July 16th. They now have a $37.10 price target on the stock. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $35.80.
Vantiv Inc (NYSE:VNTV) opened at 33.495 on Thursday. Vantiv Inc has a one year low of $25.21 and a one year high of $34.90. The stock has a 50-day moving average of $33.5 and a 200-day moving average of $31.52. The company has a market cap of $4.630 billion and a P/E ratio of 39.45.
Vantiv (NYSE:VNTV) last announced its earnings results on Thursday, July 31st. The company reported $0.47 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.47. The company had revenue of $331.30 million for the quarter, compared to the consensus estimate of $322.80 million. During the same quarter last year, the company posted $0.40 earnings per share. Vantiv’s revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that Vantiv Inc will post $1.87 earnings per share for the current fiscal year.
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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