Virtu Financial (VIRT) to Release Quarterly Earnings on Thursday

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

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The company had revenue of $388.00 million for the quarter, compared to analyst estimates of $379.18 million. During the same quarter last year, the company posted $0.40 EPS. The company’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 Trading Up 1.6 %

Shares of VIRT opened at $35.99 on Thursday. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 0.49 and a beta of 0.45. Virtu Financial has a 52-week low of $16.02 and a 52-week high of $38.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The business’s fifty day moving average is $36.09 and its 200-day moving average is $31.77.

Virtu Financial Announces Dividend

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 dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 2.67%. Virtu Financial’s dividend payout ratio is currently 48.24%.

Analyst Ratings Changes

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

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.