Q1 2018 Earnings Forecast for Vantiv, Inc. (VNTV) Issued By Jefferies Group

Vantiv, Inc. (NYSE:VNTV) – Research analysts at Jefferies Group lowered their Q1 2018 earnings estimates for Vantiv in a report released on Thursday. Jefferies Group analyst R. El-Assal now forecasts that the business services provider will earn $0.70 per share for the quarter, down from their prior estimate of $0.72. Jefferies Group has a “Buy” rating and a $69.00 price target on the stock. Jefferies Group also issued estimates for Vantiv’s Q4 2018 earnings at $1.00 EPS.

Several other equities research analysts have also recently issued reports on VNTV. Nomura restated a “buy” rating and issued a $85.00 target price on shares of Vantiv in a report on Friday, September 29th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $82.00 target price on shares of Vantiv in a report on Thursday, September 28th. Wells Fargo & Company restated a “positive” rating and issued a $84.00 target price (up previously from $77.00) on shares of Vantiv in a report on Thursday. Citigroup restated a “buy” rating and issued a $83.00 target price on shares of Vantiv in a report on Monday, September 25th. Finally, Cowen restated a “buy” rating and issued a $84.00 target price on shares of Vantiv in a report on Thursday, December 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Vantiv has an average rating of “Buy” and an average price target of $78.30.

Shares of Vantiv (NYSE:VNTV) opened at $75.87 on Friday. Vantiv has a fifty-two week low of $58.13 and a fifty-two week high of $76.22. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $13,310.52, a P/E ratio of 25.13, a P/E/G ratio of 1.66 and a beta of 0.58.

Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share.

Institutional investors have recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of Vantiv by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock worth $125,000 after acquiring an additional 217 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Vantiv by 404.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,740 shares in the last quarter. Zions Bancorporation purchased a new position in shares of Vantiv during the 3rd quarter valued at $155,000. Highbridge Capital Management LLC lifted its stake in shares of Vantiv by 2,754.0% during the 3rd quarter. Highbridge Capital Management LLC now owns 2,854 shares of the business services provider’s stock valued at $201,000 after buying an additional 2,754 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in shares of Vantiv by 1.5% during the 2nd 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.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/12/17/q1-2018-earnings-forecast-for-vantiv-inc-vntv-issued-by-jefferies-group.html.

About Vantiv

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.

Earnings History and Estimates for Vantiv (NYSE:VNTV)

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.

Leave a Reply