Victory Capital Holdings, Inc. (NASDAQ:VCTR) Expected to Post Quarterly Sales of $240.21 Million

Equities analysts expect Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Rating) to post sales of $240.21 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Victory Capital’s earnings. The highest sales estimate is $244.20 million and the lowest is $234.09 million. Victory Capital reported sales of $212.95 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Victory Capital will report full-year sales of $972.87 million for the current financial year, with estimates ranging from $956.26 million to $989.00 million. For the next financial year, analysts anticipate that the firm will report sales of $1.02 billion, with estimates ranging from $997.24 million to $1.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Victory Capital.

Victory Capital (NASDAQ:VCTRGet Rating) last announced its quarterly earnings data on Thursday, February 10th. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.06. The company had revenue of $229.12 million during the quarter, compared to the consensus estimate of $228.45 million. Victory Capital had a return on equity of 40.25% and a net margin of 31.27%. During the same quarter last year, the company earned $1.03 EPS.

VCTR has been the subject of several analyst reports. Zacks Investment Research upgraded Victory Capital from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st. Morgan Stanley cut their price objective on Victory Capital from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, April 26th. Royal Bank of Canada lowered their target price on shares of Victory Capital from $49.00 to $44.00 in a report on Tuesday, February 15th. BMO Capital Markets cut their price target on shares of Victory Capital from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, February 14th. Finally, Bank of America assumed coverage on shares of Victory Capital in a research note on Monday, January 24th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $39.71.

VCTR opened at $26.99 on Monday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 7.20, a P/E/G ratio of 0.95 and a beta of 1.07. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.42 and a quick ratio of 0.42. The business’s fifty day simple moving average is $29.96. Victory Capital has a fifty-two week low of $26.18 and a fifty-two week high of $43.09.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Thursday, March 10th were paid a dividend of $0.25 per share. This is a positive change from Victory Capital’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $1.00 annualized dividend and a yield of 3.71%. Victory Capital’s dividend payout ratio (DPR) is presently 26.67%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VCTR. O Shaughnessy Asset Management LLC bought a new position in Victory Capital during the third quarter worth about $42,000. Deutsche Bank AG grew its position in shares of Victory Capital by 219,900.0% in the 3rd quarter. Deutsche Bank AG now owns 2,200 shares of the company’s stock valued at $77,000 after purchasing an additional 2,199 shares during the period. Wells Fargo & Company MN increased its stake in Victory Capital by 66.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,553 shares of the company’s stock worth $115,000 after purchasing an additional 1,419 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Victory Capital by 335.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,529 shares of the company’s stock worth $129,000 after purchasing an additional 2,719 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Victory Capital by 19.4% during the 4th quarter. Legal & General Group Plc now owns 4,615 shares of the company’s stock worth $168,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 41.03% of the company’s stock.

Victory Capital Company Profile (Get Rating)

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

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Earnings History and Estimates for Victory Capital (NASDAQ:VCTR)

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