Equities research analysts expect Victory Capital Holdings Inc (NASDAQ:VCTR) to report earnings of $0.90 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Victory Capital’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.80. Victory Capital posted earnings of $0.45 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Victory Capital will report full year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $2.37 to $2.62. For the next year, analysts forecast that the company will post earnings of $3.95 per share, with EPS estimates ranging from $3.66 to $4.08. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Victory Capital.
Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Monday, August 12th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. Victory Capital had a return on equity of 22.15% and a net margin of 16.56%. The business had revenue of $91.36 million during the quarter, compared to analyst estimates of $93.76 million.
A number of research firms recently issued reports on VCTR. Royal Bank of Canada boosted their price objective on Victory Capital to $19.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Goldman Sachs Group restated a “buy” rating and set a $24.00 price objective on shares of Victory Capital in a research report on Tuesday, July 23rd. B. Riley boosted their price objective on Victory Capital from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Victory Capital from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, August 7th. Finally, ValuEngine lowered Victory Capital from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.64.
NASDAQ:VCTR traded up $0.37 during midday trading on Friday, reaching $15.82. 101,300 shares of the company traded hands, compared to its average volume of 182,685. Victory Capital has a twelve month low of $7.27 and a twelve month high of $19.96. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.84 and a beta of 1.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.49 and a quick ratio of 2.25. The company has a fifty day moving average price of $17.93 and a 200 day moving average price of $15.77.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Monday, September 9th.
A number of institutional investors have recently made changes to their positions in VCTR. Maltese Capital Management LLC raised its stake in Victory Capital by 93.2% during the 2nd quarter. Maltese Capital Management LLC now owns 721,349 shares of the company’s stock valued at $12,393,000 after acquiring an additional 348,041 shares in the last quarter. Bank of America Corp DE raised its stake in Victory Capital by 1,770.0% during the 2nd quarter. Bank of America Corp DE now owns 270,776 shares of the company’s stock valued at $4,652,000 after acquiring an additional 256,296 shares in the last quarter. Deutsche Bank AG raised 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 raised 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. Finally, Renaissance Technologies LLC raised its stake in Victory Capital by 41.1% during the 2nd quarter. Renaissance Technologies LLC now owns 501,963 shares of the company’s stock valued at $8,624,000 after acquiring an additional 146,252 shares in the last quarter. 14.69% of the stock is currently owned by hedge funds and other 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.
Recommended Story: What does it mean to hold a stock in street name?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Victory Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victory Capital and related companies with MarketBeat.com's FREE daily email newsletter.