Victory Capital (VCTR) Expected to Announce Earnings on Thursday

Victory Capital (NASDAQ:VCTR) is anticipated to announce its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $224.81 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Victory Capital (NASDAQ:VCTR) last issued its earnings results on Thursday, November 7th. The company reported $1.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.33. The business had revenue of $225.63 million during the quarter, compared to analyst estimates of $225.75 million. Victory Capital had a return on equity of 29.92% and a net margin of 30.82%. During the same quarter in the prior year, the firm earned $1.16 earnings per share. 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 Trading Down 1.1 %

Shares of VCTR opened at $65.28 on Thursday. Victory Capital has a fifty-two week low of $33.39 and a fifty-two week high of $73.42. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 0.56 and a beta of 0.90. The firm has a 50 day moving average price of $66.04 and a 200-day moving average price of $59.25. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.44 dividend. The ex-dividend date was Monday, December 9th. This is an increase from Victory Capital’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.70%. Victory Capital’s payout ratio is currently 43.78%.

Wall Street Analysts Forecast Growth

VCTR has been the topic of several analyst reports. Royal Bank of Canada lifted their price objective on Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Barclays boosted their price objective on Victory Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Morgan Stanley raised their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. B. Riley reiterated a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, BMO Capital Markets raised their price target on shares of Victory Capital from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Victory Capital currently has an average rating of “Hold” and a consensus target price of $65.11.

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.