Wall Street analysts forecast that Victory Capital Holdings Inc (NASDAQ:VCTR) will post earnings of $0.43 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Victory Capital’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.41. Victory Capital reported earnings per share of $0.39 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, March 25th.
On average, analysts expect that Victory Capital will report full-year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.67 to $1.71. For the next financial year, analysts expect that the firm will report earnings of $2.57 per share, with EPS estimates ranging from $2.43 to $2.71. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Victory Capital.
Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, November 7th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $108.36 million. Victory Capital had a net margin of 14.42% and a return on equity of 27.34%.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Victory Capital from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Saturday, November 17th. William Blair reaffirmed an “outperform” rating on shares of Victory Capital in a report on Monday, November 12th. Morgan Stanley lifted their price target on shares of Victory Capital from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, October 9th. Finally, Keefe, Bruyette & Woods raised shares of Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 price target on the stock in a report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Victory Capital currently has an average rating of “Buy” and an average target price of $13.72.
In related news, Director James B. Hawkes purchased 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were bought at an average cost of $12.00 per share, with a total value of $63,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in Victory Capital during the 3rd quarter worth approximately $117,000. Bank of Montreal Can bought a new stake in Victory Capital during the 3rd quarter worth approximately $128,000. Trexquant Investment LP bought a new stake in Victory Capital during the 3rd quarter worth approximately $179,000. First Trust Advisors LP bought a new stake in Victory Capital during the 3rd quarter worth approximately $187,000. Finally, BlackRock Inc. bought a new stake in Victory Capital during the 1st quarter worth approximately $285,000. 15.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Victory Capital stock traded up $0.08 during midday trading on Friday, hitting $11.16. 181,596 shares of the company traded hands, compared to its average volume of 213,742. The firm has a market capitalization of $750.60 million and a PE ratio of 8.93. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.61. Victory Capital has a 12 month low of $7.27 and a 12 month high of $13.50.
About Victory Capital
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
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