Victory Capital (NASDAQ:VCTR) Posts Earnings Results, Misses Estimates By $0.14 EPS

Victory Capital (NASDAQ:VCTR) announced its earnings results on Wednesday. The company reported $1.85 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.14), FiscalAI reports. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The company had revenue of $396.57 million during the quarter, compared to the consensus estimate of $411.23 million.

Victory Capital Trading Up 3.8%

Shares of Victory Capital stock traded up $4.44 on Wednesday, hitting $120.19. 650,602 shares of the company’s stock traded hands, compared to its average volume of 587,512. The company has a fifty day moving average of $110.89 and a two-hundred day moving average of $89.59. Victory Capital has a one year low of $57.03 and a one year high of $123.55. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 0.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Analyst Upgrades and Downgrades

VCTR has been the subject of several analyst reports. Zacks Research lowered shares of Victory Capital from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. The Goldman Sachs Group upped their price objective on shares of Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. increased their price objective on shares of Victory Capital from $101.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, October 16th. UBS Group set a $117.00 price objective on shares of Victory Capital in a research report on Friday, August 28th. Finally, Barclays lifted their target price on shares of Victory Capital from $112.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Victory Capital presently has an average rating of “Hold” and an average price target of $118.67.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.