Vantiv Inc (VNTV) Expected to Announce Quarterly Sales of $563.61 Million

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.

VNTV has been the subject of a number of research analyst reports. Nomura reissued a “buy” rating and issued a $85.00 price target on shares of Vantiv in a report on Friday, September 29th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $82.00 price target on shares of Vantiv in a report on Thursday, September 28th. Citigroup reissued a “buy” rating and issued a $83.00 price target on shares of Vantiv in a report on Monday, September 25th. KeyCorp reissued a “buy” rating and issued a $80.00 price target on shares of Vantiv in a report on Friday, September 1st. Finally, BidaskClub lowered shares of Vantiv from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $78.30.

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.

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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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Earnings History and Estimates for Vantiv (NYSE:VNTV)

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