Vantiv (VNTV) Announces Quarterly Earnings Results, Meets Expectations
Vantiv (NYSE:VNTV) released its earnings data on Thursday. The company reported $0.47 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.47, Stock Ratings Network.com reports. 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. Vantiv updated its Q3 guidance to $0.47-0.49 EPS and its FY14 guidance to $1.85-1.90 EPS.
Vantiv (NYSE:VNTV) opened at 34.60 on Thursday. Vantiv has a one year low of $25.21 and a one year high of $34.90. The stock’s 50-day moving average is $33.5 and its 200-day moving average is $31.52. The company has a market cap of $4.783 billion and a P/E ratio of 38.86.
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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Vantiv presently has a consensus rating of “Buy” and an average target price of $35.80.
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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