Wall Street brokerages expect that Victory Capital Holdings Inc (NASDAQ:VCTR) will report $105.34 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Victory Capital’s earnings. The highest sales estimate is $105.97 million and the lowest is $104.70 million. Victory Capital posted sales of $105.65 million during the same quarter last year, which suggests a negative year over year growth rate of 0.3%. The company is expected to report its next earnings results on Monday, March 25th.
According to Zacks, analysts expect that Victory Capital will report full-year sales of $423.61 million for the current fiscal year, with estimates ranging from $422.10 million to $425.32 million. For the next year, analysts anticipate that the company will report sales of $676.16 million, with estimates ranging from $666.08 million to $683.29 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Victory Capital.
Victory Capital (NASDAQ:VCTR) last released its earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. The business had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.36 million. Victory Capital had a return on equity of 27.34% and a net margin of 14.42%.
A number of brokerages recently commented on VCTR. Morgan Stanley lifted their price objective on Victory Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research downgraded Victory Capital from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. Keefe, Bruyette & Woods upgraded Victory Capital from a “market perform” rating to an “outperform” rating and set a $12.50 price objective on the stock in a research report on Tuesday, September 25th. Finally, William Blair reiterated an “outperform” rating on shares of Victory Capital in a research report on Monday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $13.72.
In related news, Director James B. Hawkes acquired 5,300 shares of Victory Capital stock in a transaction that occurred on Wednesday, November 21st. The shares were purchased at an average price of $12.00 per share, for a total transaction of $63,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in Victory Capital in the third quarter valued at $117,000. Bank of Montreal Can purchased a new stake in Victory Capital in the third quarter valued at $128,000. Trexquant Investment LP purchased a new stake in Victory Capital in the third quarter valued at $179,000. First Trust Advisors LP purchased a new stake in Victory Capital in the third quarter valued at $187,000. Finally, Laurion Capital Management LP purchased a new stake in Victory Capital in the third quarter valued at $239,000. Institutional investors own 15.77% of the company’s stock.
Victory Capital stock traded up $0.08 during trading on Monday, reaching $11.16. 181,596 shares of the company were exchanged, compared to its average volume of 213,742. Victory Capital has a 52-week low of $7.27 and a 52-week high of $13.50. The company has a market cap of $750.60 million and a price-to-earnings ratio of 8.93. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.47 and a current ratio of 1.47.
About Victory Capital
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
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