Victory Capital (VCTR) Scheduled to Post Quarterly Earnings on Thursday

Victory Capital (NASDAQ:VCTR) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Victory Capital to post earnings of $1.31 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Victory Capital (NASDAQ:VCTR) last announced its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. The firm had revenue of $219.62 million during the quarter, compared to analysts’ expectations of $220.82 million. Victory Capital had a return on equity of 29.74% and a net margin of 27.87%. On average, analysts expect Victory Capital to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Victory Capital Stock Up 0.8 %

Shares of Victory Capital stock opened at $61.70 on Thursday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 18.93, a PEG ratio of 0.63 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average price of $55.70 and a two-hundred day moving average price of $52.07. Victory Capital has a 12-month low of $29.25 and a 12-month high of $61.97.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.64 dividend on an annualized basis and a yield of 2.66%. This is a boost from Victory Capital’s previous quarterly dividend of $0.37. Victory Capital’s dividend payout ratio is presently 50.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price objective on Victory Capital from $61.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group increased their price objective on Victory Capital from $59.50 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Bank of America increased their price objective on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Morgan Stanley raised Victory Capital from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $40.00 to $60.00 in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their price objective on Victory Capital from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Victory Capital has an average rating of “Moderate Buy” and a consensus target price of $59.67.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.