Virtu Financial (NASDAQ:VIRT – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, October 24th. Analysts expect Virtu Financial to post earnings of $0.75 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Virtu Financial (NASDAQ:VIRT – Get Free Report) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.23. Virtu Financial had a return on equity of 22.74% and a net margin of 7.59%. The company had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $331.92 million. During the same quarter last year, the business earned $0.29 earnings per share. Virtu Financial’s revenue was up 38.2% on a year-over-year basis. On average, analysts expect Virtu Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Virtu Financial Stock Performance
Virtu Financial stock opened at $33.42 on Thursday. Virtu Financial has a 12-month low of $16.02 and a 12-month high of $33.47. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.22. The business’s 50-day moving average price is $30.98 and its two-hundred day moving average price is $25.96. The stock has a market cap of $5.25 billion, a PE ratio of 23.37, a P/E/G ratio of 0.54 and a beta of 0.38.
Virtu Financial Announces Dividend
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Piper Sandler lifted their target price on Virtu Financial from $31.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Bank of America decreased their target price on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. StockNews.com raised Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. UBS Group lifted their price target on Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Finally, The Goldman Sachs Group lifted their price target on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $28.79.
Check Out Our Latest Research Report on VIRT
Insider Buying and Selling
In related news, Director Virginia Gambale sold 5,400 shares of Virtu Financial stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $27.30, for a total value of $147,420.00. Following the transaction, the director now directly owns 24,122 shares of the company’s stock, valued at $658,530.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 46.70% of the stock is owned by insiders.
About Virtu Financial
Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.
Featured Stories
- Five stocks we like better than Virtu Financial
- Conference Calls and Individual Investors
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- Stock Dividend Cuts Happen Are You Ready?
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.