Victory Capital (VCTR) to Release Quarterly Earnings on Thursday

Victory Capital (NASDAQ:VCTR - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $224.81 million 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 results on Thursday, November 7th. The company reported $1.33 EPS for the quarter, hitting the consensus estimate of $1.33. Victory Capital had a net margin of 30.82% and a return on equity of 29.92%. The company had revenue of $225.63 million for the quarter, compared to the consensus estimate of $225.75 million. During the same quarter last year, the firm posted $1.16 EPS. 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 Up 1.4 %

Shares of Victory Capital stock traded up $0.89 on Thursday, reaching $66.17. The stock had a trading volume of 182,637 shares, compared to its average volume of 301,207. The company has a 50 day moving average price of $66.04 and a 200 day moving average price of $59.25. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. Victory Capital has a 1 year low of $33.39 and a 1 year high of $73.42. The stock has a market capitalization of $4.30 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.56 and a beta of 0.90.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.44 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Victory Capital's previous quarterly dividend of $0.41. Victory Capital's payout ratio is presently 43.78%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VCTR shares. UBS Group lifted their price objective on shares of Victory Capital from $49.00 to $64.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group lifted their target price on shares of Victory Capital from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Barclays lifted their target price on shares of Victory Capital from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. Royal Bank of Canada lifted their target price on shares of Victory Capital from $61.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Finally, B. Riley reiterated a "neutral" rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Victory Capital has an average rating of "Hold" and an average target price of $65.11.

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.