Victory Capital (VCTR) to Release Quarterly Earnings on Thursday

Victory Capital (NASDAQ:VCTR - Get Free Report) will 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. Investors that are interested in registering for the company's conference call can do so using this link.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Friday, February 9th. The company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.02. Victory Capital had a net margin of 25.96% and a return on equity of 28.70%. The business had revenue of $205.80 million for the quarter, compared to the consensus estimate of $204.20 million. During the same period in the previous year, the company earned $1.03 earnings per share. The firm's revenue for the quarter 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 Stock Performance

VCTR stock traded up $0.80 during midday trading on Friday, reaching $52.19. 491,927 shares of the company were exchanged, compared to its average volume of 400,235. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50-day moving average price of $43.32 and a two-hundred day moving average price of $36.75. Victory Capital has a one year low of $27.73 and a one year high of $52.76. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 0.45 and a beta of 0.92.

Victory Capital Increases Dividend

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

Analyst Ratings Changes

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

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.