Zacks: Brokerages Anticipate Virtu Financial Inc (VIRT) Will Announce Earnings of $0.14 Per Share

Analysts expect that Virtu Financial Inc (NASDAQ:VIRT) will report earnings of $0.14 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Virtu Financial’s earnings. Virtu Financial reported earnings per share of $0.24 in the same quarter last year, which indicates a negative year over year growth rate of 41.7%. The company is expected to announce its next earnings report before the market opens on Thursday, February 8th.

According to Zacks, analysts expect that Virtu Financial will report full-year earnings of $0.50 per share for the current year. For the next fiscal year, analysts forecast that the firm will report earnings of $0.87 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Virtu Financial.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The company had revenue of $159.79 million for the quarter, compared to analyst estimates of $157.40 million. Virtu Financial had a return on equity of 11.56% and a net margin of 0.13%. The firm’s revenue for the quarter was up 64.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share.

A number of equities analysts have weighed in on the company. Rosenblatt Securities reissued a “neutral” rating and set a $18.00 price objective on shares of Virtu Financial in a research note on Tuesday, November 7th. Sandler O’Neill set a $19.00 price objective on Virtu Financial and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Evercore ISI boosted their price objective on Virtu Financial from $17.00 to $18.00 and gave the stock an “in-line” rating in a research note on Tuesday, November 7th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $13.00 price objective on shares of Virtu Financial in a research note on Wednesday, November 8th. Finally, Goldman Sachs Group boosted their price objective on Virtu Financial from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Virtu Financial currently has an average rating of “Hold” and a consensus target price of $16.86.

Virtu Financial (NASDAQ:VIRT) opened at $18.70 on Friday. The firm has a market capitalization of $3,510.00 and a price-to-earnings ratio of 155.83. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.63 and a current ratio of 0.63. Virtu Financial has a 12 month low of $13.10 and a 12 month high of $19.25.

A number of large investors have recently bought and sold shares of the business. Temasek Holdings Private Ltd raised its position in Virtu Financial by 65.1% in the third quarter. Temasek Holdings Private Ltd now owns 20,330,503 shares of the financial services provider’s stock valued at $329,354,000 after purchasing an additional 8,012,821 shares during the period. Van Berkom & Associates Inc. raised its position in Virtu Financial by 103.9% in the third quarter. Van Berkom & Associates Inc. now owns 3,747,766 shares of the financial services provider’s stock valued at $60,714,000 after purchasing an additional 1,909,864 shares during the period. Vanguard Group Inc. raised its position in Virtu Financial by 4.6% in the second quarter. Vanguard Group Inc. now owns 2,379,919 shares of the financial services provider’s stock valued at $42,005,000 after purchasing an additional 104,484 shares during the period. FMR LLC raised its position in Virtu Financial by 39.9% in the second quarter. FMR LLC now owns 2,215,100 shares of the financial services provider’s stock valued at $39,097,000 after purchasing an additional 631,431 shares during the period. Finally, Peregrine Capital Management LLC raised its position in Virtu Financial by 2.2% in the third quarter. Peregrine Capital Management LLC now owns 1,236,442 shares of the financial services provider’s stock valued at $20,030,000 after purchasing an additional 26,799 shares during the period. Institutional investors own 26.58% of the company’s stock.

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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.

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