Equities analysts expect that Victory Capital Holdings, Inc. (NASDAQ:VCTR) will post $226.52 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Victory Capital’s earnings. The lowest sales estimate is $218.60 million and the highest is $231.30 million. Victory Capital posted sales of $188.66 million during the same quarter last year, which suggests a positive year-over-year growth rate of 20.1%. The business is expected to report its next earnings results on Wednesday, November 3rd.
On average, analysts expect that Victory Capital will report full-year sales of $891.43 million for the current year, with estimates ranging from $869.30 million to $900.40 million. For the next financial year, analysts forecast that the business will report sales of $931.01 million, with estimates ranging from $895.10 million to $976.45 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Victory Capital.
Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Thursday, August 5th. The company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.05. Victory Capital had a return on equity of 41.33% and a net margin of 29.75%. The business had revenue of $221.90 million for the quarter, compared to the consensus estimate of $222.27 million.
Victory Capital stock traded up $0.40 during trading hours on Thursday, hitting $34.51. 89,557 shares of the stock traded hands, compared to its average volume of 81,257. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average price is $33.42 and its two-hundred day moving average price is $30.69. Victory Capital has a one year low of $15.69 and a one year high of $36.11. The company has a market cap of $2.35 billion, a PE ratio of 10.44 and a beta of 1.10.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 27th. Investors of record on Friday, September 10th were paid a dividend of $0.15 per share. This is an increase from Victory Capital’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 1.74%. The ex-dividend date was Thursday, September 9th. Victory Capital’s dividend payout ratio is presently 16.17%.
Institutional investors have recently modified their holdings of the company. SMH Capital Advisors Inc. purchased a new position in shares of Victory Capital in the 2nd quarter valued at about $228,000. New York State Common Retirement Fund lifted its position in Victory Capital by 1.5% during the first quarter. New York State Common Retirement Fund now owns 32,147 shares of the company’s stock valued at $822,000 after buying an additional 474 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Victory Capital during the second quarter valued at approximately $328,000. WINTON GROUP Ltd raised its stake in shares of Victory Capital by 8.9% during the second quarter. WINTON GROUP Ltd now owns 37,195 shares of the company’s stock valued at $1,201,000 after purchasing an additional 3,033 shares during the period. Finally, IndexIQ Advisors LLC purchased a new stake in shares of Victory Capital during the first quarter valued at approximately $399,000. Institutional investors and hedge funds own 16.59% of the company’s stock.
Victory Capital Company Profile
Victory Capital Holdings, Inc engages in the provision of investment management products and services to institutional and intermediary clients. The company sells and distributes its products through centralized distribution model, broker-dealers, retirement platforms, and registered investment advisor networks.
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