Virtu Financial (NASDAQ:VIRT) issued its quarterly earnings results on Thursday. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.10, Bloomberg Earnings reports. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. During the same quarter last year, the firm earned $0.24 EPS.
Virtu Financial (VIRT) traded up $0.65 during midday trading on Friday, reaching $27.15. The company had a trading volume of 350,429 shares, compared to its average volume of 542,919. The company has a market capitalization of $3,753.56, a P/E ratio of 165.64 and a beta of 0.43. 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 fifty-two week low of $13.10 and a fifty-two week high of $27.18.
Virtu Financial announced that its board has approved a share repurchase plan on Thursday, February 8th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
Several equities analysts have recently issued reports on VIRT shares. TheStreet lowered Virtu Financial from a “c-” rating to a “d+” rating in a research note on Thursday, October 12th. Zacks Investment Research lowered Virtu Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 6th. BidaskClub raised Virtu Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $13.00 price target on shares of Virtu Financial in a research note on Wednesday, October 18th. Finally, Citigroup raised Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 price target on the stock in a research note on Wednesday, November 8th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Virtu Financial presently has an average rating of “Hold” and an average target price of $18.38.
TRADEMARK VIOLATION NOTICE: “Virtu Financial (VIRT) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://sportsperspectives.com/2018/02/09/virtu-financial-virt-posts-quarterly-earnings-results-beats-estimates-by-0-10-eps.html.
Virtu Financial Company Profile
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.
Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.