Virtu Financial (VIRT) to Release Quarterly Earnings on Thursday

Virtu Financial (NASDAQ:VIRT) is expected to be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect Virtu Financial to post earnings of $0.77 per share and revenue of $367,250.00 billion for the quarter.

Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The company had revenue of $388.00 million during the quarter, compared to analysts’ expectations of $379.18 million. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. On average, analysts expect Virtu Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Virtu Financial Price Performance

VIRT opened at $37.16 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.23. Virtu Financial has a 12 month low of $16.02 and a 12 month high of $38.45. The company has a fifty day simple moving average of $36.34 and a 200 day simple moving average of $32.28. The stock has a market cap of $5.75 billion, a P/E ratio of 18.67, a P/E/G ratio of 0.50 and a beta of 0.45.

Virtu Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Friday, November 29th. Virtu Financial’s dividend payout ratio is currently 48.24%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VIRT shares. Morgan Stanley upped their price objective on shares of Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group upped their price objective on shares of Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Piper Sandler upped their target price on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Citigroup upped their target price on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Bank of America reduced their target price on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Virtu Financial has a consensus rating of “Hold” and a consensus price target of $30.21.

About Virtu Financial

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.