Virtu Financial Inc (VIRT) Expected to Announce Earnings of $0.14 Per Share
Wall Street brokerages forecast that Virtu Financial Inc (NASDAQ:VIRT) will report earnings per share (EPS) of $0.14 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Virtu Financial’s earnings. Virtu Financial reported earnings of $0.24 per share during the same quarter last year, which would suggest a negative year over year growth rate of 41.7%. The firm is scheduled to issue its next earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Virtu Financial will report full year earnings of $0.50 per share for the current financial year. For the next financial year, analysts expect that the business will report earnings of $0.87 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Virtu Financial.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The business had revenue of $159.79 million during the quarter, compared to the consensus estimate of $157.40 million. During the same period last year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 64.4% compared to the same quarter last year.
VIRT has been the topic of a number of recent research reports. Evercore ISI raised their target price on shares of Virtu Financial from $17.00 to $18.00 and gave the stock an “in-line” rating in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Citigroup raised shares of Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 target price on the stock in a report on Wednesday, November 8th. Goldman Sachs Group raised their target price on shares of Virtu Financial from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $18.00 target price on shares of Virtu Financial in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Virtu Financial presently has a consensus rating of “Hold” and a consensus target price of $16.86.
Shares of Virtu Financial (NASDAQ:VIRT) traded up $0.30 during midday trading on Friday, reaching $18.20. 878,630 shares of the company’s stock were exchanged, compared to its average volume of 534,970. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.23. Virtu Financial has a 1 year low of $13.10 and a 1 year high of $19.07. The company has a market capitalization of $3,351.06, a PE ratio of 30.34 and a beta of 0.38.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.27%. Virtu Financial’s dividend payout ratio (DPR) is presently 600.04%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its holdings in shares of Virtu Financial by 1.0% during the second quarter. Parametric Portfolio Associates LLC now owns 19,112 shares of the financial services provider’s stock valued at $337,000 after buying an additional 185 shares during the last quarter. Paradigm Asset Management Co. LLC raised its holdings in shares of Virtu Financial by 0.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 39,210 shares of the financial services provider’s stock valued at $692,000 after buying an additional 200 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Virtu Financial by 1.7% during the first quarter. Teachers Advisors LLC now owns 55,958 shares of the financial services provider’s stock valued at $951,000 after buying an additional 955 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Virtu Financial by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 280,337 shares of the financial services provider’s stock valued at $4,949,000 after buying an additional 1,221 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Virtu Financial by 4.7% during the second quarter. Rhumbline Advisers now owns 28,780 shares of the financial services provider’s stock valued at $508,000 after buying an additional 1,290 shares during the last quarter. 26.58% of the stock is currently owned by institutional investors.
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About Virtu Financial
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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