Vantiv, Inc. (NYSE:VNTV) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.31-3.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.29. The company issued revenue guidance of $2.1-2.12 billion, compared to the consensus revenue estimate of $2.11 billion.Vantiv also updated its Q3 guidance to $0.88-0.90 EPS.

Vantiv, Inc. (NYSE VNTV) traded up 2.52% during trading on Wednesday, hitting $66.70. The stock had a trading volume of 8,198,736 shares. The company has a 50 day moving average of $62.81 and a 200-day moving average of $63.31. Vantiv, Inc. has a 12-month low of $52.50 and a 12-month high of $68.07. The company has a market cap of $10.73 billion, a P/E ratio of 54.18 and a beta of 0.61.

Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Vantiv had a return on equity of 34.17% and a net margin of 5.49%. The business had revenue of $530 million for the quarter, compared to analyst estimates of $525.12 million. During the same period last year, the company earned $0.70 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that Vantiv, Inc. will post $3.27 EPS for the current year.

Several research analysts have recently issued reports on the company. Royal Bank Of Canada restated a buy rating and issued a $73.00 price target on shares of Vantiv in a research report on Wednesday. BidaskClub lowered Vantiv from a buy rating to a hold rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Vantiv from a sell rating to a buy rating and set a $72.00 price target on the stock in a research report on Saturday, July 22nd. Keefe, Bruyette & Woods upgraded Vantiv from a market perform rating to an outperform rating and set a $69.00 price target on the stock in a research report on Thursday, June 22nd. Finally, Wedbush restated a neutral rating and issued a $65.00 price target (up from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Vantiv has an average rating of Buy and a consensus price target of $67.79.

In other news, insider Matt Taylor sold 11,622 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the sale, the insider now directly owns 64,269 shares in the company, valued at $4,057,944.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.27% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.dailypolitical.com/2017/08/09/vantiv-inc-nysevntv-updates-fy17-earnings-guidance.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.

Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.