Virtu Financial (NASDAQ:VIRT) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Friday, July 27th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.07). Virtu Financial had a return on equity of 19.62% and a net margin of 11.30%. The firm had revenue of $328.10 million for the quarter, compared to analysts’ expectations of $236.08 million. During the same period last year, the company posted $0.13 earnings per share. The business’s quarterly revenue was up 126.4% on a year-over-year basis. On average, analysts expect Virtu Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ VIRT traded up $0.50 during mid-day trading on Monday, reaching $23.99. 10,994 shares of the stock were exchanged, compared to its average volume of 1,325,423. Virtu Financial has a 1 year low of $13.10 and a 1 year high of $37.85. The company has a market capitalization of $4.47 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 3.33 and a beta of -0.95. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.65 and a current ratio of 0.65.
VIRT has been the topic of a number of recent analyst reports. Compass Point initiated coverage on shares of Virtu Financial in a report on Wednesday, September 19th. They set a “neutral” rating and a $23.00 price target on the stock. BidaskClub raised shares of Virtu Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 18th. Citigroup reissued a “hold” rating on shares of Virtu Financial in a report on Friday, October 5th. ValuEngine downgraded shares of Virtu Financial from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Morgan Stanley initiated coverage on shares of Virtu Financial in a report on Wednesday, August 8th. They set an “equal weight” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Virtu Financial presently has an average rating of “Hold” and an average target price of $30.09.
About Virtu Financial
Virtu Financial, Inc engages in the business of buying and selling of securities and other financial instruments. It offers market making and trading solutions. The company was founded by Vincent Viola in 2008 and is headquartered in New York, NY.
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