Brokerages expect Vantiv Inc (NYSE:VNTV) to announce sales of $563.61 million for the current fiscal quarter, Zacks reports. Twelve analysts have issued estimates for Vantiv’s earnings, with the lowest sales estimate coming in at $560.40 million and the highest estimate coming in at $569.14 million. Vantiv reported sales of $502.41 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.2%. The company is expected to issue its next quarterly earnings results on Wednesday, February 7th.
According to Zacks, analysts expect that Vantiv will report full-year sales of $563.61 million for the current financial year, with estimates ranging from $2.11 billion to $2.12 billion. For the next financial year, analysts anticipate that the company will post sales of $2.31 billion per share, with estimates ranging from $2.28 billion to $2.37 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for Vantiv.
Vantiv (NYSE:VNTV) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. During the same period last year, the business earned $0.71 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year.
Shares of Vantiv (VNTV) traded down $0.86 on Monday, reaching $75.01. 2,249,076 shares of the company’s stock were exchanged, compared to its average volume of 2,000,338. The company has a market capitalization of $13,486.50, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.68 and a beta of 0.58. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45. Vantiv has a 1 year low of $58.13 and a 1 year high of $76.22.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Vantiv by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 13,320,268 shares of the business services provider’s stock valued at $843,706,000 after purchasing an additional 492,711 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Vantiv by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,823,200 shares of the business services provider’s stock valued at $697,053,000 after purchasing an additional 1,988,656 shares during the period. Investec Asset Management LTD raised its holdings in shares of Vantiv by 3.6% in the 2nd quarter. Investec Asset Management LTD now owns 3,645,303 shares of the business services provider’s stock valued at $230,893,000 after purchasing an additional 128,308 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of Vantiv by 2.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,248,249 shares of the business services provider’s stock valued at $205,744,000 after purchasing an additional 69,377 shares during the period. Finally, State Street Corp raised its holdings in shares of Vantiv by 3.3% in the 2nd quarter. State Street Corp now owns 3,025,591 shares of the business services provider’s stock valued at $191,639,000 after purchasing an additional 97,659 shares during the period.
ILLEGAL ACTIVITY WARNING: “Vantiv Inc (VNTV) Expected to Announce Quarterly Sales of $563.61 Million” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/18/vantiv-inc-vntv-expected-to-announce-quarterly-sales-of-563-61-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vantiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv and related companies with MarketBeat.com's FREE daily email newsletter.