Wall Street analysts predict that Virtu Financial, Inc. (NASDAQ:VIRT) will post earnings per share of $0.23 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Virtu Financial’s earnings, with estimates ranging from $0.17 to $0.28. Virtu Financial reported earnings of $0.13 per share in the same quarter last year, which would suggest a positive year over year growth rate of 76.9%. The company is expected to report its next quarterly earnings report before the market opens on Tuesday, August 8th.

According to Zacks, analysts expect that Virtu Financial will report full-year earnings of $0.63 per share for the current year. For the next fiscal year, analysts expect that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.01 to $1.31. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Virtu Financial.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Thursday, May 4th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Virtu Financial had a return on equity of 20.72% and a net margin of 4.41%. The business had revenue of $79.40 million during the quarter, compared to analyst estimates of $82.20 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was down 32.3% compared to the same quarter last year.

Several analysts have recently weighed in on the stock. UBS AG reissued a “buy” rating and issued a $19.00 price target (up previously from $17.00) on shares of Virtu Financial in a research note on Monday, April 24th. BidaskClub cut shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a research note on Saturday. Zacks Investment Research raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. TheStreet raised shares of Virtu Financial from a “d-” rating to a “c-” rating in a research note on Friday, May 19th. Finally, Citigroup Inc. cut shares of Virtu Financial from a “neutral” rating to a “sell” rating and dropped their price target for the company from $17.00 to $16.00 in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $16.00.

In related news, major shareholder Holdings (Private) Ltd Temasek acquired 6,346,155 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was purchased at an average price of $15.60 per share, with a total value of $99,000,018.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 69.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of VIRT. Quantbot Technologies LP boosted its position in Virtu Financial by 1,479.0% in the first quarter. Quantbot Technologies LP now owns 6,316 shares of the financial services provider’s stock worth $107,000 after buying an additional 5,916 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Virtu Financial during the first quarter valued at approximately $109,000. First Bank & Trust boosted its position in shares of Virtu Financial by 28.4% in the first quarter. First Bank & Trust now owns 8,967 shares of the financial services provider’s stock valued at $152,000 after buying an additional 1,983 shares in the last quarter. Eagle Ridge Investment Management acquired a new position in shares of Virtu Financial during the first quarter valued at approximately $250,000. Finally, American International Group Inc. boosted its position in shares of Virtu Financial by 7.1% in the first quarter. American International Group Inc. now owns 15,512 shares of the financial services provider’s stock valued at $264,000 after buying an additional 1,023 shares in the last quarter. 43.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Virtu Financial (NASDAQ:VIRT) traded down 0.31% on Monday, hitting $16.10. The company’s stock had a trading volume of 639,344 shares. Virtu Financial has a one year low of $12.35 and a one year high of $19.07. The firm has a market cap of $654.74 million, a price-to-earnings ratio of 24.03 and a beta of 0.39. The stock has a 50-day moving average price of $17.10 and a 200 day moving average price of $16.82.

TRADEMARK VIOLATION WARNING: “Zacks: Analysts Anticipate Virtu Financial, Inc. (VIRT) to Post $0.23 EPS” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/08/07/zacks-analysts-anticipate-virtu-financial-inc-virt-to-post-0-23-eps.html.

About Virtu Financial

Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.

Get a free copy of the Zacks research report on Virtu Financial (VIRT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Virtu Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.