Virtu Financial (VIRT) Projected to Post Earnings on Thursday

Virtu Financial (NASDAQ:VIRT - Get Free Report) is expected 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 - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $388.00 million for the quarter, compared to analyst estimates of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The firm's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. 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 Price Performance

VIRT stock traded up $0.94 during trading on Thursday, hitting $36.93. 535,897 shares of the stock traded hands, compared to its average volume of 859,610. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 0.47 and a beta of 0.45. Virtu Financial has a one year low of $16.02 and a one year high of $38.45. 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 company has a 50 day simple moving average of $36.14 and a 200 day simple moving average of $31.80.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Friday, November 29th. Virtu Financial's dividend payout ratio (DPR) is currently 48.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VIRT shares. The Goldman Sachs Group lifted their price objective on Virtu Financial from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Monday, September 30th. Piper Sandler upped their price target on shares of Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Citigroup raised their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Bank of America reduced their target price on shares of Virtu Financial from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Finally, Morgan Stanley raised their price target on shares of Virtu Financial from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.