Last $32.96 USD
Change Today +0.18 / 0.55%
Volume 1.7M
VNTV On Other Exchanges
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Exchange
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As of 8:04 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

vantiv inc - cl a (VNTV) Snapshot

Open
$33.34
Previous Close
$32.78
Day High
$33.34
Day Low
$32.58
52 Week High
07/24/14 - $34.90
52 Week Low
10/24/13 - $25.21
Market Cap
6.2B
Average Volume 10 Days
1.5M
EPS TTM
$0.85
Shares Outstanding
146.0M
EX-Date
--
P/E TM
38.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for VANTIV INC - CL A (VNTV)

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vantiv inc - cl a (VNTV) Details

Vantiv, Inc. provides electronic integrated payment processing services in the United States. It operates in two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers integrated acquiring and processing transactions, value-added services, and merchant services for banks and credit unions. This segment also authorizes, clears, settles, and provides reporting for electronic payment transactions for its merchant services clients. It serves national retailers and small to mid-sized business clients in industries, such as grocery, pharmacy, retail, petroleum, and restaurants/quick service restaurants. The Financial Institution Services segment provides integrated card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving, and network gateway and switching services. This segment’s integrated card issuer and processing services include statement production, collections, and inbound/outbound call centers for credit transactions; and other services, such as card portfolio analytics, program strategy and support, fraud and security management, and chargeback and dispute services. It also offers prepaid card solutions, such as incentive, rebate and reward programs, general purpose reloadable cards, and gift cards, as well as merchant services. This segment serves financial institutions, including regional banks, community banks, credit unions, and regional personal identification number networks. Vantiv, Inc. sells its services through a national sales force, regional and mid-market sales teams, and a telesales operation. The company is headquartered in Cincinnati, Ohio.

2,791 Employees
Last Reported Date: 02/14/14

vantiv inc - cl a (VNTV) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $788.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $461.1K
Chief Operating Officer
Total Annual Compensation: $400.0K
President of Financial Institution Services
Total Annual Compensation: $385.6K
President of Merchant Services
Total Annual Compensation: $363.5K
Compensation as of Fiscal Year 2013.

vantiv inc - cl a (VNTV) Key Developments

Vantiv, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2014; Provides Earnings for the Third Quarter of 2014; Revises Earnings Guidance for the Year 2014

Vantiv, Inc. reported earnings results for the second quarter ended June 30, 2014. For the quarter, the company’s revenue increased 17% to $608.7 million as compared to $519.4 million in the prior year period. Net revenue increased 12% to $331.3 million as compared to $296.9 million in the prior year period, primarily due to a 15% increase in transactions. GAAP net loss attributable to the company was $1.4 million or $0.01 per diluted share, compared with GAAP net income attributable to the company of $28.9 million or $0.20 per diluted share in the prior year period. Pro forma adjusted net income increased 12% in the second quarter to $92.7 million as compared to $82.7 million in the prior year period. Pro forma adjusted net income per share increased 18% to $0.47 as compared to $0.40 in the prior year period. Vantiv net revenue for the full-year of 2014 is now expected to be $1,390 to $1,410 million, representing growth of 19% to 20% above the prior year, and above its prior expectation of $1,255 to $1,285 million. Pro forma adjusted net income per share is now expected to be $1.85 to $1.90, representing growth of 19% to 22% above the prior year, and above its prior expectation of $1.77 to $1.83. GAAP net income per share attributable to Vantiv, Inc. is expected to be $0.62 to $0.67 for the full-year of 2014, including the impact of the non-recurring charges incurred during the second quarter of 2014 related to the acquisition of Mercury, financing costs, and other noncash items. For the third quarter of 2014, net revenue is expected to be $376 to $382 million, representing growth of 28% to 30% above the prior year period. Pro forma adjusted net income per share is expected to be $0.47 to $0.49, an increase of 18% to 23% above the prior year period. GAAP net income per share attributable to Vantiv, Inc. is expected to be $0.18 to $0.20 for the third quarter of 2014.

Vantiv, Inc. Announces Board Changes

On July 11, 2014, John Maldonado resigned from the board of directors of Vantiv, Inc. Effective July 11, 2014, the company's board of directors elected Kevin S. Costello a director to fill the vacancy resulting from Mr. Maldonado's resignation. Mr. Costello was the president of Ariba, Inc. from 2007 until its acquisition by SAP in 2012, and served as president of Ariba, an SAP Company, from 2012 until 2014.

Vantiv and People's United Bank Join Forces to Serve Merchants throughout the Northeastern United States

People's United Bank and Vantiv, Inc. announced a joint venture to provide the next generation of payment solutions to businesses throughout the People's United Bank footprint. The agreement expands upon the debit processing and ATM services Vantiv has been providing People's United Bank for the past eight years extending Vantiv's geographic reach and coverage to small and mid-sized merchants throughout the Northeast. People's United Merchant Services, which represents a joint venture with both People's United Bank and Vantiv, was formed during the second quarter. It will offer customers a comprehensive suite of payment solutions by combining People's United's strong reputation and broad access to commercial merchants with Vantiv's deep payments expertise, innovative products, security tools, technology, and processing scale.

 

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Industry Analysis

VNTV

Industry Average

Valuation VNTV Industry Range
Price/Earnings 48.9x
Price/Sales 2.1x
Price/Book 5.9x
Price/Cash Flow 18.9x
TEV/Sales 1.8x
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