Victory Capital (VCTR) Scheduled to Post Quarterly Earnings on Thursday

Victory Capital (NASDAQ:VCTR) is set to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $1.19 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings results on Friday, February 9th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The company had revenue of $205.80 million for the quarter, compared to analyst estimates of $204.20 million. During the same quarter last year, the business earned $1.03 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, analysts expect Victory Capital to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Victory Capital Trading Down 0.1 %

Shares of NASDAQ:VCTR opened at $52.16 on Wednesday. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 0.47 and a beta of 0.92. The business’s 50 day moving average price is $43.88 and its 200-day moving average price is $37.17. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. Victory Capital has a 1 year low of $28.66 and a 1 year high of $52.76.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a dividend of $0.335 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, March 8th. Victory Capital’s payout ratio is 42.81%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada increased their target price on shares of Victory Capital from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. BMO Capital Markets raised their target price on shares of Victory Capital from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. B. Riley boosted their target price on Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, April 19th. UBS Group increased their price target on Victory Capital from $37.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Finally, Morgan Stanley boosted their price objective on Victory Capital from $30.00 to $32.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $46.67.

About Victory Capital

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