Wall Street analysts expect that Virtu Financial Inc (NASDAQ:VIRT) will post $0.44 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Virtu Financial’s earnings. Virtu Financial posted earnings per share of $0.76 during the same quarter last year, which indicates a negative year-over-year growth rate of 42.1%. The company is expected to issue its next earnings results on Friday, May 3rd.

On average, analysts expect that Virtu Financial will report full-year earnings of $1.72 per share for the current year. For the next fiscal year, analysts expect that the firm will post earnings of $2.29 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Virtu Financial.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. Virtu Financial had a net margin of 15.39% and a return on equity of 24.62%. The firm had revenue of $299.20 million during the quarter, compared to the consensus estimate of $292.87 million. During the same period last year, the firm posted $0.22 EPS. The firm’s quarterly revenue was up 26.1% on a year-over-year basis.

VIRT has been the subject of several analyst reports. Morgan Stanley set a $27.00 price target on shares of Virtu Financial and gave the company a “hold” rating in a report on Friday, January 4th. Goldman Sachs Group raised shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Friday, January 4th. ValuEngine raised shares of Virtu Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, December 25th. Finally, BidaskClub raised shares of Virtu Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Virtu Financial has an average rating of “Hold” and a consensus target price of $29.40.

VIRT stock traded down $0.23 during trading on Friday, hitting $24.96. 872,420 shares of the stock traded hands, compared to its average volume of 779,396. Virtu Financial has a one year low of $19.65 and a one year high of $37.85. The company has a market capitalization of $4.78 billion, a P/E ratio of 12.73, a P/E/G ratio of 2.95 and a beta of -0.72. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.61.

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Thursday, February 28th. Virtu Financial’s dividend payout ratio is presently 48.98%.

In other Virtu Financial news, CEO Douglas A. Cifu sold 127,088 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $26.31, for a total value of $3,343,685.28. Following the completion of the transaction, the chief executive officer now directly owns 138,544 shares of the company’s stock, valued at $3,645,092.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 73.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of VIRT. FMR LLC raised its stake in shares of Virtu Financial by 91.8% during the third quarter. FMR LLC now owns 6,885,873 shares of the financial services provider’s stock worth $140,816,000 after buying an additional 3,296,672 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Virtu Financial during the fourth quarter worth approximately $26,270,000. Van Berkom & Associates Inc. raised its stake in shares of Virtu Financial by 26.2% during the third quarter. Van Berkom & Associates Inc. now owns 4,876,824 shares of the financial services provider’s stock worth $99,731,000 after buying an additional 1,013,809 shares during the last quarter. Royce & Associates LP raised its stake in shares of Virtu Financial by 94.2% during the third quarter. Royce & Associates LP now owns 1,568,357 shares of the financial services provider’s stock worth $32,073,000 after buying an additional 760,756 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Virtu Financial by 223.1% during the fourth quarter. APG Asset Management N.V. now owns 991,071 shares of the financial services provider’s stock worth $22,333,000 after buying an additional 684,371 shares during the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Virtu Financial Company Profile

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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