Virtu Financial (VIRT) to Release Quarterly Earnings on Thursday

Virtu Financial (NASDAQ:VIRT) is projected to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.77 per share and revenue of $367,250.00 billion for the quarter.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $388.00 million for the quarter, compared to analyst estimates of $379.18 million. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. 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 Down 0.3 %

NASDAQ VIRT opened at $37.16 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.23. The stock’s 50 day moving average is $36.34 and its two-hundred day moving average is $32.28. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 0.50 and a beta of 0.45. Virtu Financial has a 1-year low of $16.02 and a 1-year high of $38.45.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Friday, November 29th. Virtu Financial’s payout ratio is 48.24%.

Analyst Ratings Changes

VIRT has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Piper Sandler boosted their target price on Virtu Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Bank of America reduced their target price on Virtu Financial from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley boosted their target price on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Citigroup boosted their target price on Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Virtu Financial has an average rating of “Hold” and an average price target of $30.21.

Virtu Financial Company Profile

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.