Victory Capital (VCTR) Projected to Post Earnings on Thursday

Victory Capital (NASDAQ:VCTR) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.37 per share and revenue of $224.81 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, November 7th. The company reported $1.33 earnings per share for the quarter, meeting analysts’ consensus estimates 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 net margin of 30.82% and a return on equity of 29.92%. During the same period in the previous year, the business earned $1.16 EPS. 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 opened at $65.02 on Tuesday. The company has a market cap of $4.23 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital has a 1 year low of $33.91 and a 1 year high of $73.42. The stock’s fifty day moving average price is $65.83 and its 200-day moving average price is $59.59.

Victory Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Monday, December 9th. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. Victory Capital’s dividend payout ratio is 43.78%.

Analyst Upgrades and Downgrades

VCTR has been the topic of several recent research reports. UBS Group increased their price target on shares of Victory Capital from $49.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley upped their price target on Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. 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 note on Friday, January 17th. Royal Bank of Canada raised their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, BMO Capital Markets lifted their price target on shares of Victory Capital from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.