Wall Street brokerages expect Victory Capital Holdings Inc (NASDAQ:VCTR) to announce earnings of $0.43 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Victory Capital’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.44. Victory Capital reported earnings per share of $0.39 during the same quarter last year, which indicates a positive year over year growth rate of 10.3%. The company is expected to announce its next earnings results on Monday, March 25th.
According to Zacks, analysts expect that Victory Capital will report full year earnings of $1.69 per share for the current fiscal year, with EPS estimates ranging from $1.67 to $1.71. For the next year, analysts anticipate that the business will report earnings of $2.57 per share, with EPS estimates ranging from $2.43 to $2.71. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Victory Capital.
Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.36 million. Victory Capital had a net margin of 14.42% and a return on equity of 27.34%.
A number of research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Victory Capital from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research downgraded shares of Victory Capital from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. Keefe, Bruyette & Woods raised shares of Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 target price for the company in a research report on Tuesday, September 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of Victory Capital in a research report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $13.72.
Victory Capital stock traded up $0.08 during mid-day trading on Friday, reaching $11.16. The company’s stock had a trading volume of 181,596 shares, compared to its average volume of 213,742. The company has a market cap of $750.60 million and a P/E ratio of 8.93. Victory Capital has a 12 month low of $7.27 and a 12 month high of $13.50. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.61.
In other news, Director James B. Hawkes acquired 5,300 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was bought at an average price of $12.00 per share, with a total value of $63,600.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Victory Capital in the 3rd quarter valued at about $117,000. Bank of Montreal Can bought a new position in shares of Victory Capital in the 3rd quarter valued at about $128,000. Trexquant Investment LP bought a new position in shares of Victory Capital in the 3rd quarter valued at about $179,000. First Trust Advisors LP bought a new position in shares of Victory Capital in the 3rd quarter valued at about $187,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Victory Capital during the 3rd quarter worth about $239,000. 15.77% of the stock is owned by institutional investors.
Victory Capital Company Profile
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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