Vantiv Inc (VNTV) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.56 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.53. The company posted revenue of $431.00 million in the period, compared to analysts expectations of $409.47 million. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Vantiv Inc. Company shares were Reiterated by Deutsche Bank on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $52 .Nomura Initiated Vantiv Inc on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $61.Compass Point Initiated Vantiv Inc on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $52.
Vantiv Inc opened for trading at $54.02 and hit $54.49 on the upside on Friday, eventually ending the session at $54.35, with a gain of 0.28% or 0.15 points. The heightened volatility saw the trading volume jump to 13,00,943 shares. Company has a market cap of $10,355 M.
In a different news, on Apr 12, 2016, Christopher A Thompson (SVP, Controller and CAO) sold 4,000 shares at $54.71 per share price. According to the SEC, on Apr 4, 2016, Mark L Heimbouch (Chief Op. & Fin. Officer) sold 30,000 shares at $53.59 per share price. On Mar 23, 2016, Royal Cole (Grp Pres, Merchant & FI Svcs) sold 20,193 shares at $52.67 per share price, according to the Form-4 filing with the securities and exchange commission.
Vantiv Inc. (Vantiv) is a holding company that conducts its operations through its majority-owned subsidiary Vantiv Holding LLC (Vantiv Holding). The Company operates in two segments: Merchant Services and Financial Institution Services. The Merchant Services segment provides merchant acquiring and payment processing services to national merchants regional and small-to-mid sized businesses. Merchant Services includes aspects of card processing including authorization and settlement customer service chargeback and retrieval processing and interchange management. The Financial Institution Service segment provides card issuer processing payment network processing fraud protection card production prepaid program management automated teller machine (ATM) driving and network gateway and switching services. It also offers processing for accounts such as business cards home equity lines of credit and health savings accounts.