Virtu Financial (VIRT) Expected to Announce Quarterly Earnings on Thursday

Virtu Financial (NASDAQ:VIRT) is expected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Virtu Financial to post earnings of $0.77 per share and revenue of $367,250.00 billion for the quarter.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $388.00 million during the quarter, compared to the consensus estimate of $379.18 million. Virtu Financial had a net margin of 7.29% and a return on equity of 23.22%. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. On average, analysts expect Virtu Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Virtu Financial Trading Up 0.9 %

VIRT opened at $37.26 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The stock’s 50 day moving average price is $36.30 and its 200-day moving average price is $32.18. Virtu Financial has a one year low of $16.02 and a one year high of $38.45. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 0.47 and a beta of 0.45.

Virtu Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.58%. The ex-dividend date was Friday, November 29th. Virtu Financial’s dividend payout ratio (DPR) is presently 48.24%.

Analysts Set New Price Targets

Several analysts have recently weighed in on VIRT shares. Morgan Stanley lifted their target price on Virtu Financial from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Bank of America lowered their price objective on shares of Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Piper Sandler lifted their price target on shares of Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Finally, Citigroup lifted their target price on Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Virtu Financial presently has a consensus rating of “Hold” and a consensus price target of $30.21.

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.