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.
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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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