Analysts expect Virtu Financial Inc (NASDAQ:VIRT) to report earnings per share (EPS) of $0.44 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Virtu Financial’s earnings. Virtu Financial posted earnings of $0.16 per share in the same quarter last year, which indicates a positive year over year growth rate of 175%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Virtu Financial will report full year earnings of $1.59 per share for the current fiscal year. For the next year, analysts expect that the business will post earnings of $1.96 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Virtu Financial.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.12 by $0.10. The business had revenue of $460.42 million during the quarter, compared to analysts’ expectations of $194.80 million. Virtu Financial had a net margin of 1.69% and a return on equity of 12.23%. During the same period last year, the company posted $0.24 earnings per share.
Several research firms recently commented on VIRT. UBS Group set a $31.00 price target on shares of Virtu Financial and gave the stock a “buy” rating in a report on Monday, February 12th. Citigroup raised their price target on shares of Virtu Financial from $15.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Goldman Sachs Group raised their price target on shares of Virtu Financial from $17.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Evercore ISI raised their price target on shares of Virtu Financial from $18.00 to $27.00 and gave the stock an “in-line” rating in a report on Friday, February 9th. Finally, Sandler O’Neill raised their price target on shares of Virtu Financial from $19.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $26.00.
Virtu Financial (NASDAQ VIRT) traded up $0.30 during mid-day trading on Friday, hitting $33.20. 572,376 shares of the company traded hands, compared to its average volume of 1,051,817. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $6,159.21, a PE ratio of 150.92 and a beta of -0.50. Virtu Financial has a twelve month low of $13.10 and a twelve month high of $34.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, February 28th. Virtu Financial’s payout ratio is presently 436.38%.
Virtu Financial declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 8th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. North Island ManageCo LLC bought a new position in Virtu Financial during the fourth quarter valued at approximately $733,173,000. Temasek Holdings Private Ltd raised its position in Virtu Financial by 65.1% during the third quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock valued at $329,354,000 after acquiring an additional 8,012,821 shares in the last quarter. Van Berkom & Associates Inc. raised its position in Virtu Financial by 103.9% during the third quarter. Van Berkom & Associates Inc. now owns 3,747,766 shares of the financial services provider’s stock valued at $60,714,000 after acquiring an additional 1,909,864 shares in the last quarter. William Blair Investment Management LLC raised its position in Virtu Financial by 0.4% during the fourth quarter. William Blair Investment Management LLC now owns 3,705,653 shares of the financial services provider’s stock valued at $67,813,000 after acquiring an additional 14,408 shares in the last quarter. Finally, BlackRock Inc. raised its position in Virtu Financial by 1.4% during the fourth quarter. BlackRock Inc. now owns 2,060,204 shares of the financial services provider’s stock valued at $37,701,000 after acquiring an additional 29,156 shares in the last quarter. 47.93% of the stock is currently owned by hedge funds and other institutional investors.
Virtu Financial Company Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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