Equities analysts expect Victory Capital Holdings Inc (NASDAQ:VCTR) to post $92.59 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Victory Capital’s earnings, with the lowest sales estimate coming in at $90.00 million and the highest estimate coming in at $94.74 million. Victory Capital posted sales of $104.40 million during the same quarter last year, which would indicate a negative year over year growth rate of 11.3%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, August 12th.
According to Zacks, analysts expect that Victory Capital will report full-year sales of $614.91 million for the current year, with estimates ranging from $606.50 million to $628.47 million. For the next fiscal year, analysts anticipate that the firm will post sales of $873.28 million, with estimates ranging from $860.30 million to $884.42 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Victory Capital.
Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Victory Capital had a net margin of 17.10% and a return on equity of 23.34%. The firm had revenue of $87.48 million during the quarter, compared to the consensus estimate of $91.04 million.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, July 16th. Royal Bank of Canada boosted their target price on shares of Victory Capital to $19.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Oppenheimer set a $12.00 target price on shares of CymaBay Therapeutics and gave the company a “buy” rating in a research report on Tuesday, June 11th. B. Riley restated a “buy” rating on shares of RumbleON in a research report on Tuesday, July 2nd. Finally, Morgan Stanley set a €37.50 ($43.60) price objective on shares of Deutsche Post and gave the company a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.06.
Several hedge funds have recently added to or reduced their stakes in VCTR. Algebris UK Ltd purchased a new stake in shares of Victory Capital during the fourth quarter worth about $4,099,000. Deutsche Bank AG grew its stake in Victory Capital by 10,100.0% during the 4th quarter. Deutsche Bank AG now owns 163,200 shares of the company’s stock valued at $1,667,000 after acquiring an additional 161,600 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Victory Capital by 452.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 193,219 shares of the company’s stock valued at $1,973,000 after acquiring an additional 158,242 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in Victory Capital during the 4th quarter valued at about $1,442,000. Finally, Weber Alan W purchased a new stake in Victory Capital during the 1st quarter valued at about $1,767,000. 14.65% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:VCTR traded down $0.10 during trading on Friday, reaching $18.84. The company’s stock had a trading volume of 130,197 shares, compared to its average volume of 95,969. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.57. Victory Capital has a 12 month low of $7.27 and a 12 month high of $19.96. The company’s 50 day moving average price is $17.87. The stock has a market cap of $1.28 billion, a PE ratio of 12.90 and a beta of 1.60.
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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