Brokerages Expect Virtu Financial Inc (NASDAQ:VIRT) Will Post Earnings of $0.22 Per Share

Equities research analysts expect Virtu Financial Inc (NASDAQ:VIRT) to announce $0.22 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Virtu Financial’s earnings, with estimates ranging from $0.17 to $0.25. Virtu Financial reported earnings of $0.67 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 67.2%. The company is expected to report its next quarterly earnings report before the market opens on Tuesday, February 11th.

On average, analysts expect that Virtu Financial will report full year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $0.94. For the next year, analysts forecast that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.36 to $1.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Virtu Financial.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Virtu Financial had a net margin of 2.55% and a return on equity of 18.75%. The business had revenue of $245.00 million during the quarter, compared to the consensus estimate of $241.79 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s revenue was up 37.7% on a year-over-year basis.

VIRT has been the topic of several analyst reports. ValuEngine upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. Goldman Sachs Group cut shares of Virtu Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $17.75 to $15.50 in a research note on Monday, January 6th. Citigroup set a $18.00 price target on shares of Virtu Financial and gave the stock a “hold” rating in a research note on Monday, October 21st. UBS Group cut shares of Virtu Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $21.00 to $17.00 in a research note on Friday, November 8th. Finally, Morgan Stanley dropped their price target on shares of Virtu Financial from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $19.81.

In other news, CEO Douglas A. Cifu bought 20,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average price of $16.24 per share, for a total transaction of $324,800.00. Following the purchase, the chief executive officer now owns 255,000 shares in the company, valued at $4,141,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 63.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIRT. Charles Schwab Investment Management Inc. lifted its stake in shares of Virtu Financial by 4.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 249,364 shares of the financial services provider’s stock valued at $5,432,000 after buying an additional 11,231 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Virtu Financial by 39.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,256 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,773 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Virtu Financial by 4.2% during the 2nd quarter. Northern Trust Corp now owns 421,761 shares of the financial services provider’s stock valued at $9,186,000 after buying an additional 17,038 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Virtu Financial by 305.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 239,288 shares of the financial services provider’s stock valued at $5,212,000 after buying an additional 180,266 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Virtu Financial by 13.5% during the 2nd quarter. BlackRock Inc. now owns 2,595,378 shares of the financial services provider’s stock valued at $56,527,000 after buying an additional 309,450 shares in the last quarter. Institutional investors own 66.66% of the company’s stock.

Shares of Virtu Financial stock opened at $15.19 on Wednesday. The company’s fifty day simple moving average is $16.04 and its 200-day simple moving average is $17.83. The stock has a market capitalization of $2.91 billion, a PE ratio of 41.05, a P/E/G ratio of 2.17 and a beta of -0.56. Virtu Financial has a 1-year low of $14.94 and a 1-year high of $27.46. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.72 and a quick ratio of 0.72.

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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