Wall Street analysts forecast that Virtu Financial, Inc. (NASDAQ:VIRT) will report earnings per share (EPS) of $0.59 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Virtu Financial’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.64. Virtu Financial reported earnings per share of $0.81 in the same quarter last year, which suggests a negative year over year growth rate of 27.2%. The business is expected to issue its next earnings results on Friday, November 5th.
On average, analysts expect that Virtu Financial will report full year earnings of $3.93 per share for the current fiscal year, with EPS estimates ranging from $3.76 to $4.05. For the next financial year, analysts anticipate that the business will post earnings of $2.57 per share, with EPS estimates ranging from $2.32 to $2.76. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Virtu Financial.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings data on Wednesday, August 4th. The financial services provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.13). The firm had revenue of $548.97 million for the quarter, compared to analysts’ expectations of $369.40 million. Virtu Financial had a net margin of 18.36% and a return on equity of 40.07%. The firm’s revenue was down 39.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 EPS.
Virtu Financial stock traded up $0.21 during mid-day trading on Wednesday, reaching $24.31. 59,257 shares of the stock traded hands, compared to its average volume of 1,520,309. The stock has a market capitalization of $4.55 billion, a PE ratio of 5.75 and a beta of -0.30. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.69. Virtu Financial has a 12-month low of $21.03 and a 12-month high of $32.35. The business’s 50-day moving average is $25.51 and its 200-day moving average is $28.12.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Tuesday, August 31st. Virtu Financial’s dividend payout ratio (DPR) is 16.67%.
In other news, major shareholder North Island Ventures, Llc sold 1,500,000 shares of the company’s stock in a transaction dated Thursday, August 12th. The stock was sold at an average price of $26.15, for a total value of $39,225,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 63.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its position in shares of Virtu Financial by 72.4% in the first quarter. Janney Montgomery Scott LLC now owns 21,715 shares of the financial services provider’s stock worth $674,000 after buying an additional 9,120 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Virtu Financial by 855.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 84,900 shares of the financial services provider’s stock worth $2,594,000 after buying an additional 76,014 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Virtu Financial by 99.8% in the first quarter. IFP Advisors Inc now owns 7,290 shares of the financial services provider’s stock worth $221,000 after buying an additional 3,641 shares in the last quarter. CWM Advisors LLC purchased a new stake in shares of Virtu Financial in the first quarter worth about $815,000. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Virtu Financial in the first quarter worth about $18,658,000. 57.28% of the stock is owned by hedge funds and other institutional investors.
About Virtu Financial
Virtu Financial, Inc engages in the provision of market making and liquidity services. It operates through the following segments: Market Making, Execution Services and Corporate. The Market Making segment engages in buying and selling of securities and other financial instruments. The Execution Services segment agency offers trading venues that provide transparent trading in global equities, ETFs, and fixed income to institutions, banks and broker dealers.
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