Wall Street analysts expect that Victory Capital Holdings, Inc. (NASDAQ:VCTR) will announce $189.95 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Victory Capital's earnings, with the highest sales estimate coming in at $193.09 million and the lowest estimate coming in at $185.80 million. Victory Capital posted sales of $214.98 million in the same quarter last year, which suggests a negative year over year growth rate of 11.6%. The firm is expected to issue its next earnings report on Monday, November 2nd.
According to Zacks, analysts expect that Victory Capital will report full-year sales of $767.65 million for the current fiscal year, with estimates ranging from $755.90 million to $776.22 million. For the next fiscal year, analysts expect that the business will post sales of $767.86 million, with estimates ranging from $729.80 million to $812.67 million. Zacks' sales averages are an average based on a survey of research analysts that that provide coverage for Victory Capital.
Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, August 5th. The company reported $0.89 EPS for the quarter, topping the Zacks' consensus estimate of $0.79 by $0.10. The business had revenue of $181.89 million during the quarter, compared to analyst estimates of $184.92 million. Victory Capital had a return on equity of 43.88% and a net margin of 20.18%.
Several brokerages recently commented on VCTR. ValuEngine raised Victory Capital from a "strong sell" rating to a "sell" rating in a report on Monday, October 12th. Bank of America boosted their price objective on Victory Capital from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Zacks Investment Research cut Victory Capital from a "buy" rating to a "hold" rating in a research note on Tuesday, September 15th. Morgan Stanley boosted their price objective on Victory Capital from $16.00 to $17.00 and gave the stock an "underweight" rating in a research note on Friday, August 7th. Finally, Barclays boosted their price objective on Victory Capital from $19.00 to $21.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of "Hold" and a consensus price target of $20.09.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Victory Capital in the second quarter worth approximately $206,000. Principal Financial Group Inc. lifted its holdings in Victory Capital by 25.8% during the second quarter. Principal Financial Group Inc. now owns 12,776 shares of the company's stock worth $220,000 after buying an additional 2,623 shares during the period. Sawgrass Asset Management LLC lifted its holdings in Victory Capital by 16.2% during the second quarter. Sawgrass Asset Management LLC now owns 15,390 shares of the company's stock worth $265,000 after buying an additional 2,140 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Victory Capital during the 2nd quarter valued at $310,000. Finally, California Public Employees Retirement System lifted its holdings in shares of Victory Capital by 134.5% during the 2nd quarter. California Public Employees Retirement System now owns 28,540 shares of the company's stock valued at $491,000 after purchasing an additional 16,367 shares during the last quarter. 18.09% of the stock is currently owned by hedge funds and other institutional investors.
Victory Capital stock opened at $19.13 on Tuesday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.26 and a beta of 1.04. The stock has a fifty day simple moving average of $17.43 and a two-hundred day simple moving average of $16.85. Victory Capital has a 12 month low of $10.18 and a 12 month high of $24.83. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.39.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.06 per share. This is a boost from Victory Capital's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.25%. Victory Capital's dividend payout ratio is currently 9.68%.
Victory Capital Company Profile
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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