Zacks: Analysts Anticipate Virtu Financial, Inc. (VIRT) to Post $0.23 EPS
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.
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.
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.