Brokerages Anticipate Victory Capital Holdings, Inc. (NASDAQ:VCTR) Will Post Earnings of $1.07 Per Share

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Wall Street analysts expect that Victory Capital Holdings, Inc. (NASDAQ:VCTR) will announce earnings per share of $1.07 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Victory Capital’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.05. Victory Capital reported earnings of $0.92 per share during the same quarter last year, which indicates a positive year over year growth rate of 16.3%. The firm is expected to issue its next quarterly earnings results on Monday, May 10th.

On average, analysts expect that Victory Capital will report full year earnings of $4.42 per share for the current fiscal year, with EPS estimates ranging from $4.28 to $4.61. For the next financial year, analysts forecast that the business will report earnings of $4.58 per share, with EPS estimates ranging from $4.15 to $5.01. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Victory Capital.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Tuesday, February 9th. The company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The company had revenue of $200.39 million during the quarter, compared to analyst estimates of $196.47 million. Victory Capital had a return on equity of 42.30% and a net margin of 24.60%.

Several equities research analysts have recently weighed in on VCTR shares. Morgan Stanley upped their target price on Victory Capital from $21.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, February 12th. Zacks Investment Research raised Victory Capital from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Saturday, January 30th. Finally, TheStreet raised Victory Capital from a “d+” rating to a “c-” rating in a report on Monday, February 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $21.71.

Large investors have recently added to or reduced their stakes in the business. Vestcor Inc bought a new position in Victory Capital during the 3rd quarter worth approximately $70,000. Morgan Stanley raised its position in shares of Victory Capital by 68.5% during the 3rd quarter. Morgan Stanley now owns 7,453 shares of the company’s stock worth $126,000 after purchasing an additional 3,030 shares during the period. Credit Suisse AG acquired a new stake in shares of Victory Capital during the 4th quarter worth approximately $278,000. Full18 Capital LLC acquired a new stake in Victory Capital in the 4th quarter valued at approximately $350,000. Finally, AQR Capital Management LLC increased its position in Victory Capital by 29.4% in the 3rd quarter. AQR Capital Management LLC now owns 23,316 shares of the company’s stock valued at $394,000 after acquiring an additional 5,292 shares during the period. 16.94% of the stock is currently owned by institutional investors.

NASDAQ:VCTR traded up $0.53 on Monday, hitting $26.92. 108,109 shares of the stock were exchanged, compared to its average volume of 71,448. Victory Capital has a fifty-two week low of $12.97 and a fifty-two week high of $27.35. The stock has a fifty day moving average of $25.29 and a 200-day moving average of $22.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.24. The stock has a market cap of $1.82 billion, a PE ratio of 10.16, a PEG ratio of 0.42 and a beta of 1.04.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Wednesday, March 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Tuesday, March 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.07. Victory Capital’s dividend payout ratio (DPR) is currently 14.52%.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company worldwide. It offers investment management, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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