Virtu Financial (VIRT) Set to Announce Quarterly Earnings on Wednesday

Virtu Financial (NASDAQ:VIRT) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.13). Virtu Financial had a return on equity of 16.94% and a net margin of 6.22%. The firm had revenue of $535.98 million during the quarter, compared to the consensus estimate of $272.96 million. During the same quarter last year, the company posted $0.32 EPS. On average, analysts expect Virtu Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Virtu Financial Price Performance

NASDAQ VIRT opened at $21.08 on Tuesday. Virtu Financial has a 52 week low of $16.02 and a 52 week high of $21.58. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.23. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 0.58 and a beta of 0.40. The company has a 50-day moving average price of $19.26 and a two-hundred day moving average price of $18.77.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Thursday, February 29th. Virtu Financial’s dividend payout ratio (DPR) is 68.57%.

Wall Street Analysts Forecast Growth

Several research firms have commented on VIRT. UBS Group decreased their target price on shares of Virtu Financial from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, January 26th. Morgan Stanley increased their price objective on shares of Virtu Financial from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Citigroup increased their price objective on shares of Virtu Financial from $21.00 to $22.50 and gave the company a “buy” rating in a report on Tuesday, March 26th. Piper Sandler increased their price objective on shares of Virtu Financial from $21.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, StockNews.com upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Virtu Financial presently has an average rating of “Hold” and a consensus price target of $20.75.

Insider Activity at Virtu Financial

In related news, CEO Douglas A. Cifu acquired 50,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were purchased at an average price of $16.21 per share, for a total transaction of $810,500.00. Following the purchase, the chief executive officer now owns 584,132 shares in the company, valued at $9,468,779.72. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 44.80% of the stock is owned by insiders.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.