Virtu Financial (NASDAQ:VIRT) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27, Briefing.com reports. The business had revenue of $257.20 million for the quarter, compared to the consensus estimate of $252.72 million. Virtu Financial had a return on equity of 18.75% and a net margin of 2.55%. The business’s revenue was down 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS.
Virtu Financial stock traded down $0.08 during mid-day trading on Thursday, hitting $17.65. 14,209 shares of the company’s stock traded hands, compared to its average volume of 1,210,941. The firm has a 50 day moving average price of $16.07 and a 200 day moving average price of $17.32. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.78. The company has a market cap of $3.41 billion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 2.36 and a beta of -0.56. Virtu Financial has a one year low of $14.94 and a one year high of $26.80.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.44%. The ex-dividend date is Friday, February 28th. Virtu Financial’s payout ratio is currently 48.98%.
Several analysts recently issued reports on the company. Rosenblatt Securities raised their price target on Virtu Financial from to in a report on Wednesday. TheStreet downgraded Virtu Financial from a “c” rating to a “d+” rating in a report on Tuesday. Zacks Investment Research raised Virtu Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 11th. UBS Group downgraded Virtu Financial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $17.00 in a report on Friday, November 8th. Finally, Citigroup set a $18.00 price target on Virtu Financial and gave the stock a “hold” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Virtu Financial has an average rating of “Hold” and an average price target of $18.44.
About Virtu Financial
Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.
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