Vantiv, Inc. (NYSE:VNTV) Expected to Announce Quarterly Sales of $524.54 Million
Equities analysts forecast that Vantiv, Inc. (NYSE:VNTV) will report sales of $524.54 million for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Vantiv’s earnings, with the lowest sales estimate coming in at $521.60 million and the highest estimate coming in at $528.69 million. Vantiv posted sales of $480.48 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.2%. The firm is expected to issue its next earnings results on Thursday, July 27th.
On average, analysts expect that Vantiv will report full year sales of $524.54 million for the current year, with estimates ranging from $2.09 billion to $2.14 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.31 billion per share, with estimates ranging from $2.26 billion to $2.41 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Vantiv.
Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The firm had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $470.09 million. Vantiv had a return on equity of 34.17% and a net margin of 5.49%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS.
VNTV has been the topic of several recent research reports. Atlantic Securities initiated coverage on Vantiv in a research report on Wednesday, April 12th. They set an “overweight” rating and a $74.00 target price on the stock. Stifel Nicolaus dropped their target price on Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, July 6th. Keefe, Bruyette & Woods upgraded Vantiv from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research report on Thursday, June 22nd. Guggenheim upgraded Vantiv from a “neutral” rating to a “buy” rating and increased their target price for the stock from $66.00 to $73.00 in a research report on Monday. Finally, Cowen and Company reiterated an “outperform” rating and issued a $69.00 price objective on shares of Vantiv in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $67.14.
In related news, insider Matt Taylor sold 11,622 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $63.14, for a total value of $733,813.08. Following the completion of the transaction, the insider now directly owns 64,269 shares in the company, valued at approximately $4,057,944.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.27% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Vantiv by 207.2% in the first quarter. Bank of Montreal Can now owns 64,023 shares of the business services provider’s stock worth $4,105,000 after buying an additional 43,185 shares during the last quarter. Origin Asset Management LLP purchased a new position in Vantiv during the first quarter worth $8,374,000. Credit Agricole S A boosted its position in Vantiv by 24.4% in the first quarter. Credit Agricole S A now owns 511,764 shares of the business services provider’s stock worth $32,815,000 after buying an additional 100,329 shares during the period. Parametrica Management Ltd purchased a new position in Vantiv during the first quarter worth $242,000. Finally, Karp Capital Management Corp purchased a new position in Vantiv during the first quarter worth $1,095,000. 83.70% of the stock is owned by institutional investors and hedge funds.
Shares of Vantiv (NYSE:VNTV) traded up 0.87% during trading on Thursday, reaching $64.02. The company’s stock had a trading volume of 1,138,263 shares. Vantiv has a 52-week low of $52.45 and a 52-week high of $66.24. The stock has a 50-day moving average of $62.39 and a 200-day moving average of $63.16. The stock has a market cap of $10.30 billion, a P/E ratio of 52.01 and a beta of 0.61.
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Vantiv Company Profile
Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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