Analysts Expect Victory Capital Holdings, Inc. (NASDAQ:VCTR) to Post $1.07 Earnings Per Share

Wall Street brokerages forecast that Victory Capital Holdings, Inc. (NASDAQ:VCTR) will post earnings per share of $1.07 for the current quarter, according to Zacks. Three analysts have made estimates for Victory Capital’s earnings. The highest EPS estimate is $1.10 and the lowest is $1.05. Victory Capital posted earnings per share of $0.92 in the same quarter last year, which suggests a positive year-over-year growth rate of 16.3%. The company is scheduled to announce 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 expect that the firm will report earnings of $4.58 per share, with EPS estimates ranging from $4.15 to $5.01. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Victory Capital.

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

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

Shares of VCTR stock traded up $0.53 on Monday, hitting $26.92. The stock had a trading volume of 108,109 shares, compared to its average volume of 71,448. Victory Capital has a twelve month low of $12.97 and a twelve month high of $27.35. The firm has a market cap of $1.82 billion, a P/E ratio of 10.16, a PEG ratio of 0.42 and a beta of 1.04. 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 company has a fifty day moving average price of $25.29 and a two-hundred day moving average price of $22.25.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Wednesday, March 10th were given a $0.09 dividend. This is a boost from Victory Capital’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, March 9th. Victory Capital’s payout ratio is currently 14.52%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lord Abbett & CO. LLC lifted its position in Victory Capital by 2.6% in the 4th quarter. Lord Abbett & CO. LLC now owns 518,693 shares of the company’s stock valued at $12,869,000 after acquiring an additional 13,200 shares in the last quarter. Azora Capital LP bought a new stake in Victory Capital during the 4th quarter worth about $6,786,000. Weber Alan W lifted its position in Victory Capital by 18.0% during the 4th quarter. Weber Alan W now owns 256,812 shares of the company’s stock worth $6,372,000 after buying an additional 39,163 shares in the last quarter. Eaton Vance Management bought a new stake in shares of Victory Capital in the 4th quarter valued at about $3,994,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Victory Capital by 76.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 145,611 shares of the company’s stock valued at $2,459,000 after purchasing an additional 63,003 shares during the period. 16.94% of the stock is currently owned by institutional investors and hedge funds.

About Victory Capital

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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