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

Victory Capital (NASDAQ:VCTR) will issue its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect Victory Capital to post earnings of $1.29 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Victory Capital (NASDAQ:VCTR) last released its earnings results on Thursday, May 9th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The business had revenue of $215.86 million during the quarter, compared to analysts’ expectations of $219.14 million. Victory Capital had a net margin of 26.28% and a return on equity of 29.23%. On average, analysts expect Victory Capital to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Victory Capital Trading Down 0.1 %

Shares of Victory Capital stock opened at $45.38 on Wednesday. Victory Capital has a twelve month low of $28.66 and a twelve month high of $54.94. The firm’s 50-day moving average price is $49.84 and its 200 day moving average price is $45.29. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $2.94 billion, a PE ratio of 13.92, a P/E/G ratio of 0.55 and a beta of 0.93.

Victory Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 10th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. This is a boost from Victory Capital’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 10th. Victory Capital’s payout ratio is presently 45.40%.

Wall Street Analysts Forecast Growth

VCTR has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Victory Capital from $32.00 to $39.00 and gave the company an “underweight” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. upped their target price on Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Royal Bank of Canada lifted their price target on Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. UBS Group dropped their price objective on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, B. Riley increased their price target on shares of Victory Capital from $48.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.57.

Victory Capital Company Profile

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.