Analysts Expect Victory Capital Holdings Inc (VCTR) Will Post Earnings of $0.43 Per Share

Wall Street brokerages expect that Victory Capital Holdings Inc (NASDAQ:VCTR) will post $0.43 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Victory Capital’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.42. Victory Capital posted earnings of $0.39 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The firm is expected to issue its next earnings results on Monday, March 25th.

On average, analysts expect that Victory Capital will report full year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.71. For the next financial year, analysts expect that the business will report earnings of $2.42 per share, with EPS estimates ranging from $1.96 to $2.71. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Victory Capital.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Victory Capital had a net margin of 14.42% and a return on equity of 27.34%. The firm had revenue of $108.08 million for the quarter, compared to analyst estimates of $108.36 million.

A number of analysts have weighed in on VCTR shares. Barclays cut their target price on shares of Victory Capital from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 8th. Royal Bank of Canada restated a “buy” rating and issued a $13.00 target price on shares of Victory Capital in a research report on Wednesday, August 8th. Sandler O’Neill set a $11.00 target price on shares of Victory Capital and gave the company a “hold” rating in a research report on Wednesday, August 8th. Keefe, Bruyette & Woods raised shares of Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 price target for the company in a research note on Tuesday, September 25th. Finally, Morgan Stanley raised their price target on shares of Victory Capital from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $13.72.

Shares of Victory Capital stock opened at $12.13 on Friday. Victory Capital has a fifty-two week low of $7.27 and a fifty-two week high of $13.50. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $829.86 million and a price-to-earnings ratio of 9.70.

In other Victory Capital news, Director James B. Hawkes purchased 5,300 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was purchased at an average price of $12.00 per share, with a total value of $63,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several hedge funds have recently added to or reduced their stakes in the company. Wesbanco Bank Inc. raised its stake in shares of Victory Capital by 11.6% during the third quarter. Wesbanco Bank Inc. now owns 61,132 shares of the company’s stock valued at $583,000 after acquiring an additional 6,352 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Victory Capital during the third quarter valued at $117,000. Bank of Montreal Can bought a new position in shares of Victory Capital during the third quarter valued at $128,000. Trexquant Investment LP bought a new position in shares of Victory Capital during the third quarter valued at $179,000. Finally, First Trust Advisors LP bought a new position in shares of Victory Capital during the third quarter valued at $187,000. 15.77% of the stock is owned by hedge funds and other institutional investors.

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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