Zacks: Brokerages Anticipate Victory Capital Holdings, Inc. (NASDAQ:VCTR) Will Announce Quarterly Sales of $227.69 Million

Wall Street analysts expect Victory Capital Holdings, Inc. (NASDAQ:VCTRGet Rating) to post sales of $227.69 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Victory Capital’s earnings, with the lowest sales estimate coming in at $218.00 million and the highest estimate coming in at $237.01 million. Victory Capital reported sales of $221.90 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Victory Capital will report full-year sales of $913.33 million for the current year, with estimates ranging from $872.00 million to $956.43 million. For the next year, analysts forecast that the business will post sales of $961.83 million, with estimates ranging from $877.00 million to $1.02 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Victory Capital.

Victory Capital (NASDAQ:VCTRGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.10). Victory Capital had a return on equity of 38.45% and a net margin of 31.35%. The company had revenue of $230.02 million during the quarter, compared to analysts’ expectations of $238.87 million.

A number of brokerages recently issued reports on VCTR. Zacks Investment Research raised shares of Victory Capital from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. BMO Capital Markets lowered their price target on shares of Victory Capital from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, February 14th. Morgan Stanley lowered their price target on shares of Victory Capital from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, April 26th. UBS Group assumed coverage on shares of Victory Capital in a research report on Tuesday, April 26th. They set a “neutral” rating and a $30.00 price target for the company. Finally, Royal Bank of Canada decreased their target price on shares of Victory Capital from $49.00 to $44.00 in a report on Tuesday, February 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VCTR. Crestview Partners II GP L.P. purchased a new position in shares of Victory Capital during the fourth quarter valued at approximately $1,135,008,000. Van Berkom & Associates Inc. raised its holdings in shares of Victory Capital by 2,470.3% during the fourth quarter. Van Berkom & Associates Inc. now owns 1,501,719 shares of the company’s stock valued at $54,858,000 after purchasing an additional 1,443,293 shares during the last quarter. Vanguard Group Inc. increased its holdings in Victory Capital by 110.6% during the first quarter. Vanguard Group Inc. now owns 1,564,346 shares of the company’s stock valued at $45,162,000 after buying an additional 821,522 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in Victory Capital by 40.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,390,344 shares of the company’s stock valued at $50,789,000 after buying an additional 399,612 shares during the last quarter. Finally, Gillson Capital LP increased its holdings in Victory Capital by 1,780.0% during the first quarter. Gillson Capital LP now owns 405,681 shares of the company’s stock valued at $11,712,000 after buying an additional 384,102 shares during the last quarter. 68.66% of the stock is owned by hedge funds and other institutional investors.

NASDAQ VCTR traded up $0.65 during trading hours on Monday, reaching $28.25. 197,544 shares of the company’s stock traded hands, compared to its average volume of 265,289. Victory Capital has a 52-week low of $23.36 and a 52-week high of $43.09. The firm has a market cap of $1.94 billion, a PE ratio of 7.36, a PEG ratio of 0.76 and a beta of 1.06. The firm has a 50-day simple moving average of $27.77 and a 200 day simple moving average of $31.95. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.35 and a quick ratio of 0.35.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 27th. Shareholders of record on Friday, June 10th will be issued a $0.25 dividend. The ex-dividend date is Thursday, June 9th. This represents a $1.00 annualized dividend and a yield of 3.54%. Victory Capital’s dividend payout ratio (DPR) is presently 26.04%.

Victory Capital Company Profile (Get Rating)

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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Earnings History and Estimates for Victory Capital (NASDAQ:VCTR)

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