Virtu Financial (NASDAQ:VIRT) Posts Earnings Results, Beats Expectations By $0.32 EPS

Virtu Financial (NASDAQ:VIRT) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.32, Zacks reports. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%.

Virtu Financial Trading Up 1.7 %

NASDAQ:VIRT opened at $39.61 on Thursday. Virtu Financial has a 12-month low of $16.02 and a 12-month high of $40.30. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50 day simple moving average of $36.69 and a 200 day simple moving average of $32.90. The firm has a market capitalization of $6.12 billion, a P/E ratio of 19.90, a P/E/G ratio of 0.49 and a beta of 0.45.

Virtu Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is 48.24%.

Wall Street Analyst Weigh In

VIRT has been the subject of several research analyst reports. Citigroup boosted their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley upped their price objective on Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Bank of America reduced their target price on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Piper Sandler boosted their price target on Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Virtu Financial presently has a consensus rating of “Hold” and a consensus price target of $30.21.

About Virtu Financial

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.