Virtu Financial (VIRT) Expected to Announce Quarterly Earnings on Thursday

Virtu Financial (NASDAQ:VIRT - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 17th. Analysts expect the company to announce earnings of $1.01 per share and revenue of $481.90 million for the quarter.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.31. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%. The firm had revenue of $497.14 million during the quarter, compared to the consensus estimate of $444.23 million. During the same period last year, the company earned $0.76 earnings per share. The company's revenue for the quarter was up 30.3% on a year-over-year basis. 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

Virtu Financial stock traded down $0.11 during midday trading on Friday, reaching $43.94. The company's stock had a trading volume of 535,151 shares, compared to its average volume of 1,056,843. Virtu Financial has a fifty-two week low of $22.66 and a fifty-two week high of $45.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The stock's 50 day simple moving average is $42.17 and its 200 day simple moving average is $38.95. The firm has a market capitalization of $6.78 billion, a PE ratio of 12.70, a P/E/G ratio of 1.14 and a beta of 0.70.

Virtu Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Friday, May 30th. Virtu Financial's dividend payout ratio (DPR) is currently 27.75%.

Analyst Upgrades and Downgrades

A number of research firms have commented on VIRT. JPMorgan Chase & Co. raised their target price on Virtu Financial from $37.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Evercore ISI raised their target price on Virtu Financial from $41.00 to $42.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Morgan Stanley raised their target price on Virtu Financial from $26.00 to $28.00 and gave the company an "underweight" rating in a report on Thursday, April 24th. Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Bank of America downgraded Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price target for the company. in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $37.25.

Insider Transactions at Virtu Financial

In related news, CEO Douglas A. Cifu sold 177,561 shares of Virtu Financial stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $38.88, for a total transaction of $6,903,571.68. Following the completion of the sale, the chief executive officer owned 231,306 shares in the company, valued at approximately $8,993,177.28. This trade represents a 43.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Nixon sold 6,965 shares of Virtu Financial stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $42.82, for a total value of $298,241.30. Following the sale, the director owned 33,923 shares of the company's stock, valued at approximately $1,452,582.86. This represents a 17.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 362,846 shares of company stock valued at $14,079,615. 47.20% of the stock is currently owned by company insiders.

Institutional Trading of Virtu Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Virtu Financial by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,233 shares of the financial services provider's stock valued at $8,624,000 after buying an additional 26,743 shares during the period. Empowered Funds LLC purchased a new stake in Virtu Financial in the 1st quarter valued at about $1,934,000. United Services Automobile Association purchased a new stake in Virtu Financial in the 1st quarter valued at about $222,000. Finally, Jones Financial Companies Lllp grew its holdings in Virtu Financial by 1,624.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the financial services provider's stock valued at $38,000 after buying an additional 942 shares during the period. Hedge funds and other institutional investors own 45.78% of the company's stock.

Virtu Financial Company Profile

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.