Brokerages Expect Virtu Financial Inc (NASDAQ:VIRT) Will Announce Earnings of $0.37 Per Share

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Wall Street brokerages expect Virtu Financial Inc (NASDAQ:VIRT) to post earnings per share of $0.37 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Virtu Financial’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.38. Virtu Financial posted earnings per share of $0.34 in the same quarter last year, which would suggest a positive year over year growth rate of 8.8%. The company is scheduled to report its next quarterly earnings report on Friday, May 1st.

According to Zacks, analysts expect that Virtu Financial will report full year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.51. For the next year, analysts anticipate that the firm will report earnings of $1.62 per share, with EPS estimates ranging from $1.51 to $1.70. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Virtu Financial.

Virtu Financial (NASDAQ:VIRT) last released its earnings results on Tuesday, February 11th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.27. The firm had revenue of $257.20 million for the quarter, compared to analysts’ expectations of $252.72 million. Virtu Financial had a negative net margin of 3.83% and a positive return on equity of 13.64%. The company’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 earnings per share.

Several research firms have recently issued reports on VIRT. JPMorgan Chase & Co. boosted their price target on shares of Virtu Financial from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Goldman Sachs Group lowered shares of Virtu Financial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.75 to $15.50 in a research report on Monday, January 6th. Zacks Investment Research raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 11th. UBS Group lowered shares of Virtu Financial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $21.00 to $17.00 in a research report on Friday, November 8th. Finally, Rosenblatt Securities boosted their price target on shares of Virtu Financial from to in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Virtu Financial has a consensus rating of “Hold” and a consensus target price of $18.44.

Shares of NASDAQ VIRT traded up $0.47 during midday trading on Friday, hitting $18.29. The company’s stock had a trading volume of 866,708 shares, compared to its average volume of 1,189,406. The stock has a fifty day moving average price of $16.39 and a 200 day moving average price of $17.15. Virtu Financial has a one year low of $14.94 and a one year high of $25.82. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of -35.17, a P/E/G ratio of 2.45 and a beta of -0.56.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend is Friday, February 28th. Virtu Financial’s dividend payout ratio (DPR) is currently 157.38%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in Virtu Financial by 14.9% during the 4th quarter. Victory Capital Management Inc. now owns 5,909 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 767 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in Virtu Financial by 6.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,877 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 992 shares during the period. Great West Life Assurance Co. Can increased its holdings in Virtu Financial by 22.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 5,705 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 1,045 shares during the period. First Bank & Trust increased its holdings in Virtu Financial by 7.2% during the 3rd quarter. First Bank & Trust now owns 15,956 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 1,069 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Virtu Financial by 208.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,127 shares during the period. 66.43% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Virtu Financial (NASDAQ:VIRT)

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