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.

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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.

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