Victory Capital Holdings Inc (VCTR) Expected to Post Quarterly Sales of $102.06 Million

Equities analysts forecast that Victory Capital Holdings Inc (NASDAQ:VCTR) will post $102.06 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Victory Capital’s earnings, with estimates ranging from $95.88 million to $108.70 million. Victory Capital posted sales of $104.40 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The business is scheduled to issue its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Victory Capital will report full-year sales of $616.47 million for the current year, with estimates ranging from $580.70 million to $665.10 million. For the next year, analysts forecast that the company will report sales of $874.83 million, with estimates ranging from $814.64 million to $936.80 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Victory Capital.

VCTR has been the topic of a number of analyst reports. Morgan Stanley set a $15.00 target price on shares of Victory Capital and gave the stock a “buy” rating in a research note on Friday, February 8th. Zacks Investment Research raised shares of Victory Capital from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, April 18th. Bank of America set a $18.00 target price on shares of Victory Capital and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. B. Riley initiated coverage on shares of Victory Capital in a research note on Wednesday, March 27th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of Victory Capital in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Victory Capital presently has an average rating of “Buy” and a consensus target price of $14.94.

Institutional investors and hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new stake in shares of Victory Capital during the first quarter valued at about $33,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Victory Capital during the first quarter valued at about $40,000. Globeflex Capital L P acquired a new stake in shares of Victory Capital during the first quarter valued at about $90,000. State of Tennessee Treasury Department acquired a new stake in shares of Victory Capital during the first quarter valued at about $103,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Victory Capital during the first quarter valued at about $139,000. Institutional investors and hedge funds own 13.90% of the company’s stock.

VCTR stock traded up $0.77 during trading on Monday, reaching $17.01. 1,520 shares of the stock were exchanged, compared to its average volume of 97,179. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.74 and a quick ratio of 1.74. Victory Capital has a 1 year low of $7.27 and a 1 year high of $17.00. The company has a market capitalization of $1.04 billion, a PE ratio of 11.74 and a beta of 2.03.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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Earnings History and Estimates for Victory Capital (NASDAQ:VCTR)

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