Equities research analysts predict that Vantiv, Inc. (NYSE:VNTV) will announce $524.54 million in sales for the current 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 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.2%. The firm is expected to issue its next earnings results before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Vantiv will report full year sales of $524.54 million for the current financial year, with estimates ranging from $2.09 billion to $2.14 billion. For the next year, analysts anticipate that the firm will post sales of $2.32 billion per share, with estimates ranging from $2.26 billion to $2.41 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Vantiv.
VNTV has been the subject of several research analyst reports. Zacks Investment Research cut Vantiv from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 target price on shares of Vantiv in a research note on Tuesday, May 30th. Atlantic Securities initiated coverage on Vantiv in a research note on Wednesday, April 12th. They set an “overweight” rating and a $74.00 target price for the company. KeyCorp cut Vantiv to a “hold” rating in a research note on Monday, June 12th. Finally, Stifel Nicolaus reduced their target price on Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, July 6th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Vantiv presently has an average rating of “Buy” and an average price target of $67.79.
Shares of Vantiv (NYSE VNTV) opened at 65.06 on Wednesday. Vantiv has a 12-month low of $52.50 and a 12-month high of $66.24. The firm’s 50-day moving average is $62.81 and its 200-day moving average is $63.31. The firm has a market cap of $10.47 billion, a PE ratio of 52.85 and a beta of 0.61.
In related news, insider Matt Taylor sold 11,622 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $63.14, for a total transaction of $733,813.08. Following the transaction, the insider now directly owns 64,269 shares in the company, valued at $4,057,944.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.27% of the company’s stock.
Large investors have recently modified their holdings of the company. Great Lakes Advisors LLC raised its stake in shares of Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after buying an additional 47 shares in the last quarter. Shaker Investments LLC OH raised its stake in shares of Vantiv by 0.7% in the second quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after buying an additional 80 shares in the last quarter. Shepherd Financial Partners LLC raised its stake in shares of Vantiv by 0.9% in the first quarter. Shepherd Financial Partners LLC now owns 8,872 shares of the business services provider’s stock valued at $549,000 after buying an additional 83 shares in the last quarter. Telemus Capital LLC raised its stake in shares of Vantiv by 0.8% in the first quarter. Telemus Capital LLC now owns 12,092 shares of the business services provider’s stock valued at $775,000 after buying an additional 92 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Vantiv by 0.8% in the second quarter. Wedge Capital Management L L P NC now owns 12,990 shares of the business services provider’s stock valued at $823,000 after buying an additional 98 shares in the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.
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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