[Globe Newswire] Vantiv Inc (NYSE:VNTV)(TREND ANALYSIS) announced that it will host a conference call to discuss its third quarter 2015 financial results on Wednesday, Oct. 28 at 8:00 a.m. EDT. A press release with third quarter 2015 financial results will be issued at approximately 7:00 a.m. EDT that same day.
The conference call can be accessed live over the phone by dialing (866) 416-5346, or for international callers (913) 312-0692, and referencing conference code 312013. A replay will be available approximately two hours after the call concludes and can be accessed by dialing (888) 203-1112, or for international callers (719) 457-0820, and entering replay passcode 312013. The replay will be available through Wednesday, Nov. 11, 2015. The call will also be webcast live from the company`s investor relations website at http://investors.vantiv.com. Following completion of the call, a recorded replay of the webcast will be available on the website.
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Vantiv Inc (NYSE:VNTV) stock is currently trading 0.86% below its 52-week-high, 61.36% above its 52-week-low. The 1-year stock price history is in the range of $29.35 – $47.77. VantivInc (VNTV) has a price to earnings ratio of 54.06 versus Services sector average of 18.78. VNTV stock price has outperformed the S&P 500 by 40.8%. The Commercial Services company is currently valued at $6.89 billion and its share price closed the last trading session at $47.36. The stock has a 50-day moving average of $45.39 and a 200-day moving average of $41.69.
VantivInc (VNTV) current short interest stands at 5.92 million shares. It has decreased by 6% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.54 million shares, the number of days required to cover the short positions stand at 3.9 days.
The company is expected to announce next quarter earnings on October 28, at consensus estimate of $0.53. VantivInc (VNTV) reported last quarter earnings on July 29. The Commercial Services company announced earnings per share of $0.54 against a consensus Street estimate of $0.51, beating the average estimate by $0.03. This corresponds to an increase of $0.09 compared to the same quarter of the previous fiscal year.
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There are currently twenty-five analysts that cover VantivInc stock. Of those twenty-five, eighteen have a Buy rating, six have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $47.57.
A recent analyst activity consisted of Keefe Bruyette& Woods downgrading their Outperform rating to Market Perform on October 6. Keefe Bruyette& Woods set their price target at $49. This corresponds to a 3.46% upside from the last closing price. On the date of report, the stock closed at $45.21.
Susquehanna upgraded their Negative rating to Neutral on August 25, and increased their price target on VNTV stock from $30 to $36. This corresponds to a 23.99% downside from the last closing price. On the date of report, the stock closed at $41.3.
Another research firm was JP Morgan who reiterated their Overweight stance on August 14. JP Morgan increased their price target on VantivInc from $46 to $53. This translates to a 11.91% upside from the last closing price. On the date of report, the stock closed at $45.4.
Vantiv, Inc. is an integrated payment processor. The Company enables merchants of all sizes to accept and process credit, debit and prepaid payments and provide them supporting services, such as information solutions, interchange management and fraud management, as well as vertical-specific solutions in sectors such as grocery, pharmacy, retail, petroleum and restaurants.