Victory Capital (NASDAQ:VCTR) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Victory Capital (NASDAQ:VCTR) posted its quarterly earnings data on Thursday. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12, Fidelity Earnings reports. The company had revenue of $218.55 million during the quarter, compared to analysts’ expectations of $217.65 million. Victory Capital had a return on equity of 28.63% and a net margin of 14.05%.

VCTR traded down $0.15 on Friday, hitting $22.15. 398,334 shares of the company were exchanged, compared to its average volume of 126,679. Victory Capital has a 12 month low of $11.84 and a 12 month high of $24.83. The company has a market cap of $1.46 billion, a PE ratio of 23.56, a PEG ratio of 0.14 and a beta of 1.80. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.68 and a current ratio of 0.68. The stock’s fifty day moving average is $21.37 and its 200-day moving average is $18.40.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.20 annualized dividend and a yield of 0.90%. Victory Capital’s payout ratio is presently 13.70%.

VCTR has been the subject of several recent research reports. Barclays reaffirmed a “buy” rating and set a $25.00 price objective on shares of Victory Capital in a research report on Thursday, January 23rd. B. Riley upped their price objective on Victory Capital from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research raised Victory Capital from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. cut Victory Capital from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $21.00 to $22.00 in a research report on Friday, December 13th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $25.00 price objective on shares of Victory Capital in a research report on Monday, January 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Victory Capital has a consensus rating of “Buy” and an average price target of $24.88.

Victory Capital Company Profile

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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Earnings History for Victory Capital (NASDAQ:VCTR)

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