Brokers Offer Predictions for Vantiv, Inc.’s Q1 2018 Earnings (VNTV)
Vantiv, Inc. (NYSE:VNTV) – Jefferies Group decreased their Q1 2018 earnings per share estimates for Vantiv in a report released on Thursday. Jefferies Group analyst R. El-Assal now forecasts that the business services provider will post earnings per share of $0.70 for the quarter, down from their previous estimate of $0.72. Jefferies Group has a “Buy” rating and a $69.00 price objective on the stock. Jefferies Group also issued estimates for Vantiv’s Q4 2018 earnings at $1.00 EPS.
Vantiv (NYSE:VNTV) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $551.77 million. During the same quarter last year, the company earned $0.71 EPS. Vantiv’s quarterly revenue was up 13.1% on a year-over-year basis.
Vantiv (NYSE VNTV) opened at $75.87 on Friday. Vantiv has a 12-month low of $58.13 and a 12-month high of $76.22. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $13,310.52, a PE ratio of 25.13, a PEG ratio of 1.66 and a beta of 0.58.
A number of institutional investors and hedge funds have recently modified their holdings of VNTV. HL Financial Services LLC bought a new position in shares of Vantiv in the second quarter valued at approximately $221,000. Global X Management Co. LLC raised its position in shares of Vantiv by 17.0% in the second quarter. Global X Management Co. LLC now owns 5,481 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 798 shares during the period. Trexquant Investment LP bought a new position in shares of Vantiv in the second quarter valued at approximately $364,000. Schwab Charles Investment Management Inc. raised its position in shares of Vantiv by 9.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 546,643 shares of the business services provider’s stock valued at $34,625,000 after purchasing an additional 49,092 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Vantiv by 168.9% in the second quarter. Arizona State Retirement System now owns 29,314 shares of the business services provider’s stock valued at $1,857,000 after purchasing an additional 18,414 shares during the period.
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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