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

Victory Capital (NASDAQ:VCTR - Get Free Report) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect Victory Capital to post earnings of $1.31 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.04. Victory Capital had a net margin of 27.87% and a return on equity of 29.74%. The firm had revenue of $219.62 million during the quarter, compared to the consensus estimate of $220.82 million. 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 Performance

Shares of VCTR traded down $1.77 during mid-day trading on Thursday, hitting $59.93. 292,034 shares of the company's stock were exchanged, compared to its average volume of 376,481. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.87. Victory Capital has a 52 week low of $29.25 and a 52 week high of $61.97. The stock's 50-day simple moving average is $55.88 and its 200-day simple moving average is $52.14. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 0.63 and a beta of 0.91.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Tuesday, September 10th. This is a positive change from Victory Capital's previous quarterly dividend of $0.37. Victory Capital's dividend payout ratio (DPR) is 50.31%.

Analyst Ratings Changes

VCTR has been the topic of a number of recent analyst reports. Barclays started coverage on Victory Capital in a research report on Tuesday, August 27th. They issued an "equal weight" rating and a $58.00 price target on the stock. Bank of America boosted their price objective on shares of Victory Capital from $58.00 to $59.00 and gave the company a "buy" rating in a research report on Monday, August 12th. UBS Group raised their target price on Victory Capital from $49.00 to $64.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their price objective on Victory Capital from $61.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their target price on Victory Capital from $55.00 to $61.00 and gave the company an "outperform" rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Victory Capital presently has a consensus rating of "Moderate Buy" and an average 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.