$220.11 Million in Sales Expected for Victory Capital Holdings Inc (NASDAQ:VCTR) This Quarter

Equities research analysts expect that Victory Capital Holdings Inc (NASDAQ:VCTR) will announce sales of $220.11 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Victory Capital’s earnings, with the lowest sales estimate coming in at $219.70 million and the highest estimate coming in at $220.60 million. Victory Capital reported sales of $108.08 million during the same quarter last year, which would suggest a positive year over year growth rate of 103.7%. The business is expected to report its next quarterly earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Victory Capital will report full year sales of $621.87 million for the current financial year, with estimates ranging from $616.01 million to $628.47 million. For the next financial year, analysts forecast that the business will report sales of $884.09 million, with estimates ranging from $878.70 million to $889.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Victory Capital.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $91.36 million for the quarter, compared to analysts’ expectations of $93.76 million. Victory Capital had a net margin of 16.56% and a return on equity of 22.53%.

Several brokerages have recently weighed in on VCTR. ValuEngine cut shares of Victory Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Victory Capital from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, August 7th. B. Riley lifted their price target on shares of Victory Capital from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Goldman Sachs Group reiterated a “buy” rating and set a $24.00 price target on shares of Victory Capital in a research note on Tuesday, July 23rd. Finally, Oppenheimer began coverage on shares of Victory Capital in a research note on Tuesday, June 11th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Victory Capital has an average rating of “Buy” and an average price target of $18.64.

Shares of Victory Capital stock traded up $0.28 on Tuesday, hitting $15.73. 2,764 shares of the company’s stock were exchanged, compared to its average volume of 169,590. The company has a 50-day simple moving average of $17.95 and a 200-day simple moving average of $15.77. The stock has a market capitalization of $1.06 billion, a PE ratio of 10.74 and a beta of 1.60. Victory Capital has a 1 year low of $7.27 and a 1 year high of $19.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.25 and a current ratio of 2.25.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, September 9th. This represents a $0.20 annualized dividend and a dividend yield of 1.27%.

Several hedge funds have recently made changes to their positions in the company. Man Group plc raised its holdings in shares of Victory Capital by 21.4% in the 2nd quarter. Man Group plc now owns 27,315 shares of the company’s stock valued at $469,000 after purchasing an additional 4,815 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Victory Capital by 1,770.0% during the 2nd quarter. Bank of America Corp DE now owns 270,776 shares of the company’s stock worth $4,652,000 after acquiring an additional 256,296 shares in the last quarter. Invesco Ltd. raised its stake in shares of Victory Capital by 9.5% during the 2nd quarter. Invesco Ltd. now owns 63,986 shares of the company’s stock worth $1,099,000 after acquiring an additional 5,545 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Victory Capital by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 617,822 shares of the company’s stock worth $10,613,000 after acquiring an additional 23,033 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Victory Capital during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 14.69% of the company’s stock.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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