Brokerages forecast that Victory Capital Holdings Inc (NASDAQ:VCTR) will report $0.91 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Victory Capital’s earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.95. Victory Capital posted earnings per share of $0.38 during the same quarter last year, which would suggest a positive year-over-year growth rate of 139.5%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 5th.
According to Zacks, analysts expect that Victory Capital will report full year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.60. For the next year, analysts expect that the business will report earnings of $3.86 per share, with EPS estimates ranging from $3.70 to $4.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Victory Capital.
Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Victory Capital had a net margin of 14.05% and a return on equity of 28.63%. The business had revenue of $91.36 million during the quarter, compared to the consensus estimate of $93.76 million.
A number of research firms have recently issued reports on VCTR. JPMorgan Chase & Co. set a $22.00 price objective on shares of Victory Capital and gave the stock a “buy” rating in a research report on Thursday, September 12th. Zacks Investment Research cut shares of Victory Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. Barclays reissued a “buy” rating and set a $22.00 price objective on shares of Victory Capital in a research report on Wednesday, October 9th. BMO Capital Markets began coverage on shares of Victory Capital in a research report on Monday, October 7th. They set an “outperform” rating and a $33.00 price objective on the stock. Finally, ValuEngine cut shares of Victory Capital from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $21.67.
Shares of NASDAQ:VCTR traded down $0.30 during trading on Friday, hitting $17.66. 189,500 shares of the company were exchanged, compared to its average volume of 114,209. The company has a market capitalization of $1.18 billion, a P/E ratio of 12.10 and a beta of 1.63. The business’s 50 day moving average is $15.77 and its 200-day moving average is $16.73. The company has a quick ratio of 2.49, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. Victory Capital has a 1-year low of $8.66 and a 1-year high of $19.96.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be given a $0.05 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.20 annualized dividend and a yield of 1.13%. Victory Capital’s payout ratio is 13.70%.
In other Victory Capital news, Director James B. Hawkes purchased 5,692 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $15.69 per share, with a total value of $89,307.48. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 10.16% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. RMB Capital Management LLC increased its stake in Victory Capital by 1.4% in the 2nd quarter. RMB Capital Management LLC now owns 781,056 shares of the company’s stock valued at $13,419,000 after buying an additional 10,836 shares during the last quarter. Vanguard Group Inc. increased its stake in Victory Capital by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 617,822 shares of the company’s stock valued at $10,613,000 after buying an additional 23,033 shares during the last quarter. Maltese Capital Management LLC increased its stake in Victory Capital by 93.2% in the 2nd quarter. Maltese Capital Management LLC now owns 721,349 shares of the company’s stock valued at $12,393,000 after buying an additional 348,041 shares during the last quarter. Bank of America Corp DE increased its stake in Victory Capital by 1,770.0% in the 2nd quarter. Bank of America Corp DE now owns 270,776 shares of the company’s stock valued at $4,652,000 after buying an additional 256,296 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in Victory Capital by 202.8% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 43,300 shares of the company’s stock valued at $666,000 after buying an additional 29,000 shares during the last quarter. Hedge funds and other institutional investors own 14.81% of the company’s stock.
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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