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VANTIV INC
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Vantiv : Worldpay sees FY revenue growth at lower end of guidance

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11/27/2017 | 01:57pm CEST

(Reuters) - Worldpay Group Plc, which has agreed to be taken over by U.S. rival Vantiv, said on Monday that it expected net revenue growth for 2017 to be at the lower end of its 9-11 percent guidance range.

It blamed slowing British consumer demand and weaker U.S. economic conditions, factors it said it expected to continue into 2018.

It reported a 8.4 percent rise in revenue to 1.27 billion pounds for the third quarter that ended Sept. 30.

Credit card processing company Vantiv secured a deal to buy Britain's largest payment processor for 8 billion pounds in August in a deal set to create a $29 billion global payments powerhouse.

Worldpay said on Monday that shareholder meetings to approve the deal would take place in early January and that it expected the deal to complete in mid-January.

The British firm was set up in 1989 and spun out of Royal Bank of Scotland to private equity firms Bain Capital and Advent International in 2010.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Jason Neely)

Stocks treated in this article : Vantiv Inc, Worldpay Group
Stocks mentioned in the article
ChangeLast1st jan.
WORLDPAY GROUP 0.00%-End-of-day quote.2.21%
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Financials ($)
Sales 2018 3 884 M
EBIT 2018 1 686 M
Net income 2018 194 M
Debt 2018 6 360 M
Yield 2018 -
P/E ratio 2018 105,98
P/E ratio 2019 31,96
EV / Sales 2018 8,60x
EV / Sales 2019 7,61x
Capitalization 27 039 M
Chart VANTIV INC
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Vantiv Inc Technical Analysis Chart | US92210H1059 | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 93,1 $
Spread / Average Target 7,6%
EPS Revisions
Managers
NameTitle
Charles D. Drucker Executive Chairman & Co-Chief Executive Officer
Philip Eric Rene Jansen Co-Chief Executive Officer & Director
Mark L. Heimbouch Chief Operating Officer & Director
Stephanie Ferris Chief Financial Officer
Michael D. Vaughan Rake Lead Independent Director
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