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

Victory Capital (NASDAQ:VCTR) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect Victory Capital to post earnings of $1.29 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Thursday, May 9th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $215.86 million for the quarter, compared to analysts’ expectations of $219.14 million. Victory Capital had a return on equity of 29.23% and a net margin of 26.28%. On average, analysts expect Victory Capital to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Victory Capital Stock Performance

Shares of NASDAQ:VCTR opened at $45.38 on Wednesday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 13.92, a P/E/G ratio of 0.55 and a beta of 0.93. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.92. Victory Capital has a 1-year low of $28.66 and a 1-year high of $54.94. The business has a 50-day moving average price of $49.84 and a two-hundred day moving average price of $45.29.

Victory Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 10th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.26%. This is an increase from Victory Capital’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 10th. Victory Capital’s payout ratio is 45.40%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Victory Capital from $32.00 to $39.00 and gave the stock an “underweight” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. upped their price objective on Victory Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 13th. B. Riley raised their target price on Victory Capital from $48.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Royal Bank of Canada boosted their target price on Victory Capital from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, UBS Group cut their price target on shares of Victory Capital from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.57.

Victory Capital Company Profile

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.