Zacks: Analysts Anticipate Victory Capital Holdings Inc (VCTR) Will Post Quarterly Sales of $106.14 Million

Equities research analysts expect Victory Capital Holdings Inc (NASDAQ:VCTR) to report $106.14 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Victory Capital’s earnings, with the lowest sales estimate coming in at $105.78 million and the highest estimate coming in at $106.50 million. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Victory Capital will report full-year sales of $106.14 million for the current fiscal year, with estimates ranging from $409.76 million to $410.50 million. For the next fiscal year, analysts expect that the company will post sales of $432.71 million per share, with estimates ranging from $428.42 million to $437.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Victory Capital.

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A number of brokerages recently issued reports on VCTR. Barclays began coverage on shares of Victory Capital in a research note on Monday, March 5th. They issued an “overweight” rating and a $16.00 price target on the stock. William Blair began coverage on shares of Victory Capital in a research note on Monday, March 5th. They issued an “outperform” rating on the stock. Sandler O’Neill began coverage on Victory Capital in a research report on Monday, March 5th. They issued a “hold” rating and a $14.50 target price for the company. Morgan Stanley began coverage on Victory Capital in a research report on Monday, March 5th. They issued an “overweight” rating and a $19.00 target price for the company. Finally, Goldman Sachs began coverage on Victory Capital in a research report on Monday, March 5th. They issued a “neutral” rating and a $14.50 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Victory Capital currently has an average rating of “Buy” and an average price target of $15.93.

In other Victory Capital news, CEO David Craig Brown bought 16,500 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average price of $12.20 per share, with a total value of $201,300.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James B. Hawkes purchased 335,000 shares of Victory Capital stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $12.66 per share, with a total value of $4,241,100.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 385,500 shares of company stock valued at $4,882,400.

VCTR stock opened at $11.92 on Friday. Victory Capital has a one year low of $11.03 and a one year high of $13.50.

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About Victory Capital

Victory Capital Holdings, Inc is an investment management company. The Company’s model features an operating platform that provides centralized distribution, marketing and operations infrastructure to its franchises and solutions platform. Its solutions platform consists of multi-Franchise and customized solutions strategies that are primarily rules-based.

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